Shareholders' equity (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Earnings (Loss) Per Share (Basic and Diluted)

Our earnings per share (basic and diluted) for 2024, 2023, and 2022 are presented below (in thousands, except per share amounts):

	2024			2023			2022
Net income	$	599,043		$	476,347		$	631,198
Net loss (income) attributable to the noncontrolling interest		775			377			(729	)
Adjustment of redeemable noncontrolling interest to redemption value		(2,280	)		(1,771	)		(560	)
Earnings available to common shareholders	$	597,538		$	474,953		$	629,909
Weighted average number of common shares outstanding - basic		168,434			207,594			223,652
Effect of dilutive securities:
Restricted stock units		603			220			535
Performance share awards		128			133			299
Weighted average number of common shares outstanding - diluted		169,165			207,947			224,486
Earnings per share - basic	$	3.55		$	2.29		$	2.82
Earnings per share - diluted	$	3.53		$	2.28		$	2.81

Schedule of Stock-Based Compensation Related Amounts Recognized in the Consolidated Statements of Income for Equity Awards

The following table shows the stock-based compensation related amounts recognized in the Consolidated Statements of Income for equity awards (in thousands):

	2024		2023		2022
RSUs	$	29,544	$	20,931	$	16,182
PSAs		8,988		3,566		14,299
Total employee awards stock-based compensation		38,532		24,497		30,481
Total income tax benefit		8,236		9,072		10,744
Employee awards stock-based compensation net of tax	$	30,296	$	15,425	$	19,737

Schedule of Restricted Stock and RSU Awards

	2024					2023					2022
RSU	Shares			Weighted average fair value		Shares			Weighted average fair value		Shares			Weighted average fair value
Unvested at beginning of year		3,465,380		$	17.12		2,543,732		$	17.80		2,842,288		$	15.11
Granted		2,060,749			13.43		2,289,278			16.09		949,022			21.90
Vested		(1,683,051	)		16.44		(1,122,923	)		16.41		(1,118,395	)		14.62
Cancelled		(355,844	)		15.99		(244,707	)		17.78		(129,183	)		16.39
Unvested at end of year		3,487,234		$	15.39		3,465,380		$	17.12		2,543,732		$	17.80

Schedule of Nonvested Performance-based Units Activity

A summary of the PSAs activity is presented below:

	2024					2023					2022
PSA	Shares			Weighted average fair value		Shares			Weighted average fair value		Shares			Weighted average fair value
Unvested at beginning of year		948,021		$	18.16		986,104		$	18.18		1,015,433		$	15.04
Granted		1,132,073			12.72		642,413			16.33		484,781			21.80
Vested		(604,102	)		16.72		(564,159	)		16.21		(503,844	)		15.26
Cancelled		(140,647	)		15.23		(116,337	)		18.25		(10,266	)		17.09
Unvested at end of year		1,335,345		$	14.22		948,021		$	18.16		986,104		$	18.18

Schedule of Accumulated Other Comprehensive Loss

The following tables summarize the components of, and changes in AOCL, net of tax (in thousands):

2024	Retirement Plans			Foreign Currency Translation(1)		Total
Balance at beginning of year	$	(120,142	)	$	532	$	(119,610	)
Other comprehensive income before reclassifications		824			—		824
Amounts classified from AOCL		12,142			—		12,142
Balance at end of year	$	(107,176	)	$	532	$	(106,644	)

2023	Retirement Plans			Foreign Currency Translation(1)		Total
Balance at beginning of year	$	(126,065	)	$	532	$	(125,533	)
Other comprehensive income before reclassifications		1,769			—		1,769
Amounts classified from AOCL		4,154			—		4,154
Balance at end of year	$	(120,142	)	$	532	$	(119,610	)

2022	Retirement Plans			Foreign Currency Translation(1)		Available-For-Sale Investment			Total
Balance at beginning of year	$	(113,090	)	$	455	$	15,419		$	(97,216	)
Other comprehensive loss before reclassifications		(16,288	)		77		—			(16,211	)
Amounts classified from AOCL		3,313			—		(15,419	)		(12,106	)
Balance at end of year	$	(126,065	)	$	532	$	-		$	(125,533	)

(1) Our entire foreign currency translation adjustment is related to our CareerBuilder investment. We previously recorded our share of foreign currency translation adjustments through our equity method investment, however, accounting for this investment has been suspended as its carrying value has declined to $0.

Schedule of Reclassification out of Accumulated Other Comprehensive Loss

Reclassifications out of AOCL related to these post-retirement plans and a realized gain on an available-for-sale investment included the following (in thousands):

	2024			2023			2022
Amortization of prior service cost (credit), net	$	90		$	(464	)	$	(481	)
Amortization of actuarial loss		5,941			6,054			4,639
Pension settlement charge		10,316			—			300
Realized gain on available-for-sale investment		—			—			(20,800	)
Total reclassifications, before tax		16,347			5,590			(16,342	)
Income tax effect		(4,205	)		(1,436	)		4,236
Total reclassifications, net of tax	$	12,142		$	4,154		$	(12,106	)