Changes in Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2023

Stockholders' Equity Note [Abstract]

The following table summarizes changes in Shareholders’ Equity for the period December 31, 2022 to June 30, 2023:


	Class A Common Stock			Additional paid-in capital	Retained earnings		Accumulated items of other comprehensive income		Class A Treasury Stock			Noncontrolling Interest		Total Shareholders' Equity
(in thousands)	Shares	Amount									Shares					Amount
December 31, 2022	40,785	$	41		$	441,540	$	931,318	$	(144,927)	9,675	$	(364,923)	$	4,494	$	867,543
Net income	—	—			—		26,889		—		—	—		197		27,086
Compensation and benefits paid or payable in shares	58	—			378		—		—		—	—		—		378




Dividends declared on Class A Common Stock, $0.25 per share	—	—			—		(7,792)		—		—	—		—		(7,792)

Cumulative translation adjustments	—	—			—		—		13,881		—	—		238		14,119
Pension and postretirement liability adjustments	—	—			—		—		(916)		—	—		—		(916)
Derivative valuation adjustment	—	—			—		—		(2,902)		—	—		—		(2,902)
March 31, 2023	40,842	$	41		$	441,917	$	950,415	$	(134,864)	9,675	$	(364,923)	$	4,929	$	897,515
Net income	—	—			—		26,672		—		—	—		154		26,826
Compensation and benefits paid or payable in shares	—	—			811		—		—		—	—		—		811

Shares issued to Directors'	—	—			828		—		—		(12)	258		—		1,086


Dividends declared on Class A Common Stock, $0.25 per share	—	—			—		(7,795)		—		—	—		—		(7,795)

Cumulative translation adjustments	—	—			—		—		(2,568)		—	—		179		(2,389)
Pension and postretirement liability adjustments	—	—			—		—		(724)		—	—		—		(724)
Derivative valuation adjustment	—	—			—		—		389		—	—		—		389
June 30, 2023	40,842	$	41		$	443,556	$	969,292	$	(137,767)	9,663	$	(364,665)	$	5,262	$	915,719

The following table summarizes changes in Shareholders’ Equity for the period December 31, 2021 to June 30, 2022:


	Class A Common Stock			Additional paid-in capital	Retained earnings		Accumulated items of other comprehensive income		Class A Treasury Stock			Noncontrolling Interest		Total Shareholders' Equity
(in thousands)	Shares	Amount									Shares					Amount
December 31, 2021	40,760	$	41		$	436,996	$	863,057	$	(145,984)	8,665	$	(280,143)	$	3,638	$	877,605
Net income	—	—			—		27,737		—		—	—		338		28,075
Compensation and benefits paid or payable in shares	21	—			745		—		—		—	—		—		745
Options exercised	—	—			7		—		—		—	—		—		7

Purchase of Treasury shares (a)	—	—			—		—		—		515	(43,937)		—		(43,937)

Dividends declared on Class A Common Stock, $0.21 per share	—	—			—		(6,661)		—		—	—		—		(6,661)

Cumulative translation adjustments	—	—			—		—		(1,730)		—	—		56		(1,674)
Pension and postretirement liability adjustments	—	—			—		—		74		—	—		—		74
Derivative valuation adjustment	—	—			—		—		10,018		—	—		—		10,018
March 31, 2022	40,781	$	41		$	437,748	$	884,133	$	(137,622)	9,180	$	(324,080)	$	4,032	$	864,252
Net income	—	—			—		39,201		—		—	—		168		39,369
Compensation and benefits paid or payable in shares	4	—			902		—		—		—	—		—		902

Shares issued to Directors'	—	—			800		—		—		(13)	285		—		1,085
Purchase of Treasury shares (a)	—	—			—		—		—		508	(41,128)		—		(41,128)

Dividends declared on Class A Common Stock, $0.21 per share	—	—			—		(6,529)		—		—	—		—		(6,529)

Cumulative translation adjustments	—	—			—		—		(39,661)		—	—		(91)		(39,752)
Pension and postretirement liability adjustments	—	—			—		—		234		—	—		—		234
Derivative valuation adjustment	—	—			—		—		3,349		—	—		—		3,349
June 30, 2022	40,785	$	41		$	439,450	$	916,805	$	(173,700)	9,675	$	(364,923)	$	4,109	$	821,782

(a)In October 2021, the Company's Board of Directors authorized the Company to repurchase shares of up to $200 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts. During the six months ended June 30, 2022, the Company repurchased 1,022,717 shares totaling $85.1 million. The Company did not repurchase shares during the six months ended June 30, 2023.