XML 21 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Stockholders' Equity
9 Months Ended
Sep. 30, 2021
Stockholders' Equity [Abstract]  
Stockholders' Equity
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 September 30, 2021:

(in thousands)
 
Common Stock
   
Class A
Common Stock
   
Additional
Paid-In Capital
   
Retained
Earnings
   
Accumulated Other
Comprehensive Loss
   
Treasury
Stock
   
Total
 
Balances at June 30, 2021
 
$
29,903
   
$
1,813
   
$
99,016
   
$
338,341
   
$
(2,462
)
 
$
(177,199
)
 
$
289,412
 
Net income
                           
24,233
                     
24,233
 
Dividends declared:
                                                       
Common Stock, $0.25 per share
                           
(4,164
)
                   
(4,164
)
Class A Common Stock, $0.23 per share
                           
(297
)
                   
(297
)
Class A conversion
   
3
     
(3
)
                                   
 
Acquisition of treasury stock
                                            (19,493 )     (19,493 )
Amortization of restricted stock
                   
1,800
                             
1,800
 
Other comprehensive income
                                   
50
             
50
 
Balances at September 30, 2021
 
$
29,906
   
$
1,810
   
$
100,816
   
$
358,113
   
$
(2,412
)
 
$
(196,692
)
 
$
291,541
 

For the nine months ended September 30, 2021:

(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, 2020
 
$
29,600
   
$
1,996
   
$
96,850
   
$
304,626
   
$
(2,560
)
 
$
(177,545
)
 
$
252,967
 
Net income
                           
66,497
                     
66,497
 
Dividends declared:
                                                       
Common Stock, $0.72 per share
                           
(12,142
)
                   
(12,142
)
Class A Common Stock, $0.65 per share
                           
(868
)
                   
(868
)
Class A conversion
   
186
     
(186
)
                                   
 
Acquisition of treasury stock
                                            (19,493 )     (19,493 )
Restricted stock issuances
   
120
             
(3,014
)
                           
(2,894
)
Amortization of restricted stock
                   
6,456
                             
6,456
 
Directors’ Compensation Plan
                   
524
                     
346
     
870
 
Other comprehensive income
                                   
148
             
148
 
Balances at September 30, 2021
 
$
29,906
   
$
1,810
   
$
100,816
   
$
358,113
   
$
(2,412
)
 
$
(196,692
)
 
$
291,541
 

For the three months ended September 30, 2020:

(in thousands)
 
Common Stock
   
Class A
Common Stock
   
Additional
Paid-In Capital
   
Retained
Earnings
   
Accumulated Other
Comprehensive Loss
   
Treasury
Stock
   
Total
 
Balances at June 30, 2020
 
$
29,538
   
$
2,054
   
$
94,581
   
$
304,900
   
$
(2,027
)
 
$
(164,668
)
 
$
264,378
 
Net income
                           
18,261
                     
18,261
 
Dividends declared:
                                                       
Common Stock, $0.20 per share
                           
(3,423
)
                   
(3,423
)
Class A Common Stock, $0.19 per share
                           
(290
)
                   
(290
)
Class A conversion
   
17
      (17 )                                    
 
Acquisition of treasury stock
                                            (12,899 )     (12,899 )
Amortization of restricted stock
                   
1,325
                             
1,325
 
Directors’ Compensation Plan
                   
(5
)
                           
(5
)
Other comprehensive income
                                   
30
             
30
 
Balances at September 30, 2020
 
$
29,555
   
$
2,037
   
$
95,901
   
$
319,448
   
$
(1,997
)
 
$
(177,567
)
 
$
267,377
 

For the nine months ended September 30, 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
                           
33,720
                     
33,720
 
Dividends declared:
                                                       
Common Stock, $0.55 per share
                           
(9,475
)
                   
(9,475
)
Class A Common Stock, $0.52 per share
                           
(796
)
                   
(796
)
Class A conversion
    17
      (17 )                                    
 
Acquisition of treasury stock
                                           
(19,708
)
   
(19,708
)
Restricted stock issuances
   
107
             
(983
)
                           
(876
)
Amortization of restricted stock
                   
3,362
                             
3,362
 
Directors’ Compensation Plan
                   
314
                     
243
     
557
 
Other comprehensive income
                                   
90
             
90
 
Balances at September 30, 2020
 
$
29,555
   
$
2,037
   
$
95,901
   
$
319,448
   
$
(1,997
)
 
$
(177,567
)
 
$
267,377