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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Class B Common Stock
Common Stock
Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Common Stock
Retained Earnings
Class B Common Stock
Accumulated Other Comprehensive Loss
Treasury Stock - Common Stock
Common Stock
Treasury Stock - Common Stock
Class B Common Stock
Beginning Balance at Dec. 31, 2021 $ 711,786     $ 10,204 $ 2,860 $ 135,953 $ 724,486     $ (100,463) $ (60,845) $ (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 430,158           430,158          
Other comprehensive income, net of tax 15,626                 15,626    
Dividends declared   $ (37,354) $ (4,828)         $ (37,354) $ (4,828)      
Conversion of 1,227,546 shares of Class B Common Stock 0     1,227 (1,227)              
Ending Balance at Dec. 31, 2022 1,115,388     11,431 1,633 135,953 1,112,462     (84,837) (60,845) (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 408,375           408,375          
Other comprehensive income, net of tax 80,561                 80,561    
Dividends declared   (150,642) (18,084)         (150,642) (18,084)      
Ending Balance at Dec. 31, 2023 1,435,598     11,431 1,633 135,953 1,352,111     (4,276) (60,845) (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 633,125           633,125          
Other comprehensive income, net of tax 6,161                 6,161    
Dividends declared   $ (27,452) $ (3,517)         $ (27,452) $ (3,517)      
Share repurchases [1] (626,304)     (598)     (559,084)       (66,622)  
Ending Balance at Dec. 31, 2024 $ 1,417,611     $ 10,833 $ 1,633 $ 135,953 $ 1,395,183     $ 1,885 $ (127,467) $ (409)
[1] The share repurchases relate to shares repurchased in a tender offer and a separate share repurchase transaction with a subsidiary of The Coca‑Cola Company, both discussed in Note 2, as well as a separate share repurchase program approved by the Board of Directors, discussed in Note 5.