Stockholders' Equity

9 Months Ended

Sep. 30, 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 September 30, 2025:

(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, 2025	$	30,633	$	1,732	$	120,074	$	415,074	$	(869)	$	(261,773)	$	304,871
Net income							4,729						4,729
Dividends declared:
Common Stock, $0.32 per share							(4,815)						(4,815)
Class A Common Stock, $0.30 per share							(366)						(366)
Class A conversion	(10)		10										—
Amortization of restricted stock					1,608								1,608
Balances at September 30, 2025	$	30,623	$	1,742	$	121,682	$	414,622	$	(869)	$	(261,773)	$	306,027

For the nine months ended September 30, 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							11,196						11,196
Dividends declared:
Common Stock, $0.96 per share							(14,421)						(14,421)
Class A Common Stock, $0.90 per share							(1,113)						(1,113)
Class A conversion	51		(51)										—
Acquisition of treasury stock											(2,000)		(2,000)
Restricted stock issuances	153				(2,037)								(1,884)
Amortization of restricted stock					5,594								5,594
Directors' Compensation Plan					868						226		1,094
Balances at September 30, 2025	$	30,623	$	1,742	$	121,682	$	414,622	$	(869)	$	(261,773)	$	306,027

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