XML 25 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock Outstanding
Common Stock
Value of Shares Held in Rabbi Trust at Cost
Deferred Compensation and Other Retirement Benefit Obligations
Additional Paid in Capital
Retained Earnings
Accumulated Other Comprehensive Income/(Loss)
Cash dividends declared per common share (in dollars per share)             $ 0.38  
Balance March 31, 2019 at Dec. 31, 2017   27,450,190            
Balance March 31, 2018 at Dec. 31, 2017 $ 943,809   $ 273 $ (4,590) $ 4,590 $ 479,430 $ 465,937 $ (1,831)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Prior Period Reclassification Adjustment 0 [1]           397 [2] (397) [2]
Net income 27,555           27,555  
Other comprehensive income (5,136)             (5,136)
Common dividend declared (10,454)           (10,454)  
Proceeds from exercise of stock options, net of cash paid   19,256            
Proceeds from exercise of stock options, net of cash paid 143   0     143    
Stock based compensation 1,041         1,041    
Restricted stock awards issued, net of awards surrendered   36,961            
Restricted stock awards issued, net of awards surrendered (1,318)   0     (1,318)    
Shares issued under direct stock purchase plan   5,921            
Shares issued under direct stock purchase plan 419         419    
Deferred compensation and other retirement benefit obligations       (1) 1      
Increase (Decrease) in Deferred Compensation 0              
Balance December 31, 2018 at Mar. 31, 2018 956,059   273 (4,591) 4,591 479,715 484,266 (8,195)
Balance December 31, 2017 at Mar. 31, 2018   27,512,328            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets 0 [2]           $ 831 [1] (831) [1]
Cash dividends declared per common share (in dollars per share)             $ 0.44  
Balance March 31, 2019 at Dec. 31, 2018   28,080,408            
Balance March 31, 2018 at Dec. 31, 2018 1,073,490   279 (4,718) 4,718 527,648 $ 546,736 (1,173)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 35,225           35,225  
Other comprehensive income 8,054             8,054
Common dividend declared (12,379)           (12,379)  
Proceeds from exercise of stock options, net of cash paid   6,000            
Proceeds from exercise of stock options, net of cash paid 165         165    
Stock based compensation 915         915    
Restricted stock awards issued, net of awards surrendered   44,407            
Restricted stock awards issued, net of awards surrendered (1,419)   1     (1,420)    
Shares issued under direct stock purchase plan   6,689            
Shares issued under direct stock purchase plan 487         487    
Deferred compensation and other retirement benefit obligations       119 (119)      
Balance December 31, 2018 at Mar. 31, 2019 $ 1,104,538   $ 280 $ (4,599) $ 4,599 $ 527,795 $ 569,582 $ 6,881
Balance December 31, 2017 at Mar. 31, 2019   28,137,504            
[1] Represents adjustment needed to reflect the cumulative impact on retained earnings for the classification and measurement of investments in equity securities. Pursuant to the Company's adoption of Accounting Standards Update 2016-01, the Company's investments in equity securities will no longer be classified as available for sale, therefore the Company was required to reclassify the net unrealized gain recognized on the change in fair value of these equity securities from other comprehensive income to retained earnings.
[2] Represents adjustment needed to reflect the cumulative impact on retained earnings for reclassification of the income tax effects attributable to accumulated other comprehensive income, as a result of the Tax Cuts and Jobs Act (the "Tax Act"). Pursuant to the Company's adoption of Accounting Standards Update 2018-02, the Company has elected to reclassify amounts stranded in other comprehensive income to retained earnings.