Stockholders' Equity

6 Months Ended

Jun. 30, 2023

Stockholders' Equity Note [Abstract]

Stockholders' Equity

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 June 30, 2023:

(in thousands)	Common Stock		Class A Common Stock		Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock		Total
Balances at March 31, 2023	$	30,122	$	1,806	$	107,759	$	406,237	$	(756)	$	(248,756)	$	296,412
Net income							11,792						11,792
Dividends declared:
Common Stock, $0.30 per share							(4,527)						(4,527)
Class A Common Stock, $0.28 per share							(359)						(359)
Restricted stock issuances	96				(1,390)								(1,294)
Amortization of restricted stock					2,482								2,482
Directors' Compensation Plan					880						197		1,077
Balances at June 30, 2023	$	30,218	$	1,806	$	109,731	$	413,143	$	(756)	$	(248,559)	$	305,583

For the six months ended June 30, 2023:

(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, 2022	$	30,006	$	1,806	$	108,706	$	398,393	$	(756)	$	(248,756)	$	289,399
Net income							24,164						24,164
Dividends declared:
Common Stock, $0.58 per share							(8,721)						(8,721)
Class A Common Stock, $0.54 per share							(693)						(693)
Restricted stock issuances	212				(4,294)								(4,082)
Amortization of restricted stock					4,439								4,439
Directors' Compensation Plan					880						197		1,077
Balances at June 30, 2023	$	30,218	$	1,806	$	109,731	$	413,143	$	(756)	$	(248,559)	$	305,583

For the three months ended June 30, 2022:

(in thousands)	Common Stock		Class A Common Stock		Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock		Total
Balances at March 31, 2022	$	29,924	$	1,809	$	104,345	$	358,084	$	(2,253)	$	(231,509)	$	260,400
Net income							21,708						21,708
Dividends declared:
Common Stock, $0.28 per share							(4,225)						(4,225)
Class A Common Stock, $0.26 per share							(333)						(333)
Class A conversion	3		(3)										—
Acquisition of treasury stock											(12,500)		(12,500)
Restricted stock issuances	79				(1,244)								(1,165)
Amortization of restricted stock					1,889								1,889
Directors' Compensation Plan					684						227		911
Other comprehensive income									41				41
Balances at June 30, 2022	$	30,006	$	1,806	$	105,674	$	375,234	$	(2,212)	$	(243,782)	$	266,726

For the six months ended June 30, 2022:

(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, 2021	$	29,907	$	1,809	$	102,572	$	342,983	$	(2,293)	$	(219,008)	$	255,970
Net income							41,070						41,070
Dividends declared:
Common Stock, $0.53 per share							(8,189)						(8,189)
Class A Common Stock, $0.49 per share							(630)						(630)
Class A conversion	3		(3)										—
Acquisition of treasury stock											(25,001)		(25,001)
Restricted stock issuances	96				(1,778)								(1,682)
Amortization of restricted stock					4,196								4,196
Directors' Compensation Plan					684						227		911
Other comprehensive income									81				81
Balances at June 30, 2022	$	30,006	$	1,806	$	105,674	$	375,234	$	(2,212)	$	(243,782)	$	266,726