Stockholders' Equity

3 Months Ended

Mar. 31, 2025

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 March 31, 2025:

(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, 2024	$	30,419	$	1,793	$	117,257	$	418,960	$	(869)	$	(259,999)	$	307,561
Net income							3,778						3,778
Dividends declared:
Common Stock, $0.32 per share							(4,799)						(4,799)
Class A Common Stock, $0.30 per share							(374)						(374)
Class A conversion	26		(26)										—
Acquisition of treasury stock											(2,000)		(2,000)
Restricted stock issuances	53				(938)								(885)
Amortization of restricted stock					2,080								2,080
Balances at March 31, 2025	$	30,498	$	1,767	$	118,399	$	417,565	$	(869)	$	(261,999)	$	305,361

For the three months ended March 31, 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							2,393						2,393
Dividends declared:
Common Stock, $0.30 per share							(4,488)						(4,488)
Class A Common Stock, $0.28 per share							(357)						(357)
Class A conversion	6		(6)										—
Restricted stock issuances	90				(1,957)								(1,867)
Amortization of restricted stock					2,643								2,643
Balances at March 31, 2024	$	30,316	$	1,798	$	113,993	$	417,020	$	(983)	$	(255,454)	$	306,690