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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2021
SHAREHOLDERS' EQUITY  
Summary of the grants of RSAs and PSAs under the Plan

Year Ended December 31,

 

    

    

    

Grant Date

    

    

    

Grant Date

    

    

    

Grant Date

 

2021

Fair Value

2020

Fair Value

2019

Fair Value

 

RSAs Granted

 

941,748

$

7.51

 

863,710

$

6.30

 

551,214

$

9.87

PSAs Granted

 

788,054

$

6.31

 

240,669

$

9.86

 

371,672

$

12.45

Total

 

1,729,802

 

1,104,379

 

922,886

Summary of RSA and PSA activity

RSAs

    

PSAs

 

    

    

Weighted

    

Weighted

 

Average Grant

Average Grant

 

Shares

Date Fair Value

Shares

Date Fair Value

 

Non-vested shares outstanding - December 31, 2020

 

833,973

$

7.81

 

365,040

$

11.06

Shares granted

 

941,748

$

7.51

 

788,054

$

6.31

Shares vested

 

(670,476)

$

8.12

 

(191,623)

$

9.60

Shares forfeited, cancelled or retired

(35,428)

$

8.14

(41,461)

$

8.50

Non-vested shares outstanding - December 31, 2021

 

1,069,817

$

7.34

 

920,010

$

7.40

Summary of total compensation costs recognized for share-based payments

Year Ended December 31,

 

(In thousands)

 

2021

    

2020

    

2019

 

Restricted stock

$

5,478

$

4,597

$

4,013

Performance shares

 

4,619

 

2,936

 

2,823

Total

$

10,097

$

7,533

$

6,836

Schedule of changes in accumulated other comprehensive loss, net of tax, by component

    

Pension and

    

    

 

Post-Retirement

Derivative

 

(In thousands)

Obligations

Instruments

Total

 

Balance at December 31, 2019

$

(64,316)

$

(16,552)

$

(80,868)

 

Other comprehensive loss before reclassifications

 

(27,007)

(13,601)

(40,608)

Amounts reclassified from accumulated other comprehensive loss

 

436

11,622

12,058

Net current period other comprehensive income (loss)

(26,571)

 

(1,979)

 

(28,550)

Balance at December 31, 2020

$

(90,887)

$

(18,531)

$

(109,418)

Other comprehensive gain before reclassifications

33,344

868

34,212

Amounts reclassified from accumulated other comprehensive loss

5,444

10,191

15,635

Net current period other comprehensive income

 

38,788

 

11,059

 

49,847

Balance at December 31, 2021

$

(52,099)

$

(7,472)

$

(59,571)

Summary of reclassifications from accumulated other comprehensive loss

Year Ended December 31,

Affected Line Item in the

 

(In thousands)

    

   

2021

    

2020

Statement of Income

 

Amortization of pension and post-retirement items:

Prior service credit (cost)

$

779

$

(1,270)

 

(a)

Actuarial gain (loss)

 

(2,309)

 

694

 

(a)  

Settlement loss

 

(5,864)

 

 

(a)  

 

(7,394)

 

(576)

 

Total before tax

 

1,950

 

140

 

Tax benefit

$

(5,444)

$

(436)

 

Net of tax

Gain (Loss) on cash flow hedges:

Interest rate derivatives

$

(13,964)

$

(15,683)

 

Interest expense

 

3,773

 

4,061

 

Tax benefit

$

(10,191)

$

(11,622)

 

Net of tax

(a)These items are included in the components of net periodic benefit cost for our pension and post-retirement benefit plans. See Note 13 for additional details.