Stockholders' Equity

3 Months Ended

Mar. 31, 2020

NOTE C – Stockholders’ Equity

The following outlines the changes in each caption of stockholders’ equity for the current and comparative periods and the dividends per share for each class of shares.

For the three months ended March 31, 2020:

(in thousands)	Common Stock		Class A Common Stock		Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Total
Balances at December 31, 2019	$	29,431	$	2,054	$	93,208		$	295,999		$	(2,087	)	$	(158,102	)	$	260,503
Net income									1,819									1,819
Dividends declared:
Common Stock, $0.20 per share									(3,459	)								(3,459	)
Class A Common Stock, $0.19 per share									(291	)								(291	)
Acquisition of treasury stock															(6,810	)		(6,810	)
Restricted stock issuances		27				(345	)											(318	)
Amortization of restricted stock						972												972
Other comprehensive income												31						31
Balances at March 31, 2020	$	29,458	$	2,054	$	93,835		$	294,068			(2,056	)		(164,912	)	$	252,447

For the three months ended March 31, 2019:

(in thousands)	Common Stock		Class A Common Stock		Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Total
Balances at December 31, 2018	$	29,079	$	2,280	$	91,394		$	282,366		$	(1,465	)	$	(129,025	)	$	274,629
Net income									3,621									3,621
Dividends declared:
Common Stock, $0.18 per share									(3,386	)								(3,386	)
Class A Common Stock, $0.17 per share									(299	)								(299	)
Restricted stock issuances		34				(567	)											(533	)
Amortization of restricted stock						1,061												1,061
Other comprehensive income												9						9
Cumulative effect adjustment									6,824									6,824
Balances at March 31, 2019	$	29,113	$	2,280	$	91,888		$	289,126		$	(1,456	)	$	(129,025	)	$	281,926