Stockholders' Equity

9 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

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

For the three months ended September 30, 2024:

(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, 2024	$	30,414	$	1,798	$	114,644	$	416,233	$	(983)	$	(255,008)	$	307,098
Net income							4,928						4,928
Dividends declared:
Common Stock, $0.32 per share							(4,842)						(4,842)
Class A Common Stock, $0.30 per share							(383)						(383)
Amortization of restricted stock					999								999
Balances at September 30, 2024	$	30,414	$	1,798	$	115,643	$	415,936	$	(983)	$	(255,008)	$	307,800

For the nine months ended September 30, 2024:

(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, 2023	$	30,220	$	1,804	$	113,307	$	419,472	$	(983)	$	(255,454)	$	308,366
Net income							11,759						11,759
Dividends declared:
Common Stock, $0.94 per share							(14,173)						(14,173)
Class A Common Stock, $0.88 per share							(1,122)						(1,122)
Class A conversion	6		(6)										—
Restricted stock issuances	188				(3,483)								(3,295)
Amortization of restricted stock					5,128								5,128
Directors' Compensation Plan					691						446		1,137
Balances at September 30, 2024	$	30,414	$	1,798	$	115,643	$	415,936	$	(983)	$	(255,008)	$	307,800

For the three months ended September 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 June 30, 2023	$	30,218	$	1,806	$	109,731	$	413,143	$	(756)	$	(248,559)	$	305,583
Net income							17,154						17,154
Dividends declared:
Common Stock, $0.30 per share							(4,527)						(4,527)
Class A Common Stock, $0.28 per share							(360)						(360)
Class A conversion	2		(2)										—
Acquisition of treasury stock											(3,194)		(3,194)
Amortization of restricted stock					1,760								1,760
Balances at September 30, 2023	$	30,220	$	1,804	$	111,491	$	425,410	$	(756)	$	(251,753)	$	316,416

For the nine months ended September 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							41,317						41,317
Dividends declared:
Common Stock, $0.88 per share							(13,249)						(13,249)
Class A Common Stock, $0.82 per share							(1,051)						(1,051)
Class A conversion	2		(2)										—
Acquisition of treasury stock											(3,194)		(3,194)
Restricted stock issuances	212				(4,294)								(4,082)
Amortization of restricted stock					6,199								6,199
Directors' Compensation Plan					880						197		1,077
Balances at September 30, 2023	$	30,220	$	1,804	$	111,491	$	425,410	$	(756)	$	(251,753)	$	316,416