Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Stockholders' Equity Note [Abstract]

Activity in Shareholders’ equity for 2022, 2023, and 2024 is presented below:


(in thousands)	Class A Common Stock			Additional paid-in capital		Retained earnings		Accumulated items of other comprehensive income		Class A Treasury Stock			Noncontrolling Interest		Total Equity
	Shares	Amount								Shares	Amount
January 1, 2022	40,760	$	41	$	436,996	$	863,057	$	(145,984)	8,665	$	(280,143)	$	3,638	$	877,605
Net income	—	—		—		95,762		—		—	—		746		96,508

Compensation and benefits paid or payable in shares	24	—		3,727		—		—		—	—		—		3,727
Options exercised	1	—		17		—		—		—	—		—		17
Shares issued to Directors'	—	—		800		—		—		(13)	285		—		1,085
Purchase of Treasury shares (a)	—	—		—		—		—		1,023	(85,065)		—		(85,065)
Dividends declared on Class A Common Stock, $0.88 per share	—	—		—		(27,501)		—		—	—		—		(27,501)


Cumulative translation adjustments	—	—		—		—		(40,971)		—	—		110		(40,861)
Pension and postretirement liability adjustments	—	—		—		—		(3,491)		—	—		—		(3,491)


Settlement of certain pension liabilities	—	—		—		—		26,198							26,198
Derivative valuation adjustment	—	—		—		—		19,321		—	—		—		19,321
December 31, 2022	40,785	$	41	$	441,540	$	931,318	$	(144,927)	9,675	$	(364,923)	$	4,494	$	867,543


(in thousands)	Class A Common Stock			Additional paid-in capital		Retained earnings		Accumulated items of other comprehensive income		Class A Treasury Stock			Noncontrolling Interest		Total Equity
	Shares	Amount								Shares	Amount
January 1, 2023	40,785	$	41	$	441,540	$	931,318	$	(144,927)	9,675	$	(364,923)	$	4,494	$	867,543
Net income	—	—		—		111,120		—		—	—		490		111,610
Compensation and benefits paid or payable in shares	71	—		5,851		—		—		—	—		—		5,851

Shares issued to Directors'	—	—		827		—		—		(13)	258		—		1,085

Dividends declared on Class A Common Stock, $1.01 per share	—	—		—		(31,496)		—		—	—		—		(31,496)
Initial equity related to Noncontrolling interest in Arcari	—	—		—		—		—		—	—		509		509
Cumulative translation adjustments	—	—		—		—		21,950		—	—		459		22,409
Pension and postretirement liability adjustments	—	—		—		—		(1,563)		—	—		—		(1,563)
Derivative valuation adjustment	—	—		—		—		(8,628)		—	—		—		(8,628)
December 31, 2023	40,856	$	41	$	448,218	$	1,010,942	$	(133,168)	9,662	$	(364,665)	$	5,952	$	967,320


(in thousands)	Class A Common Stock			Additional paid-in capital		Retained earnings		Accumulated items of other comprehensive income		Class A Treasury Stock			Noncontrolling Interest		Total Equity
	Shares	Amount								Shares	Amount
January 1, 2024	40,856	$	41	$	448,218	$	1,010,942	$	(133,168)	9,662	$	(364,665)	$	5,952	$	967,320
Net income	—	—		—		87,623		—		—	—		432		88,055
Compensation and benefits paid or payable in shares	51	—		3,812		—		—		—	—		—		3,812

Shares issued to Directors'	10	—		903		—		—		—	—		—		903
Purchase of Treasury shares (a)	—	—		—		—		—		183	(14,545)		—		(14,545)
Dividends declared on Class A Common Stock, $1.05 per share	—	—		—		(32,802)		—		—	—		—		(32,802)
Dividends paid to noncontrolling interests	—	—		—		—		—		—	—		(166)		(166)
Cumulative translation adjustments	—	—		—		—		(56,654)		—	—		(809)		(57,463)
Pension and postretirement liability adjustments	—	—		—		—		3,018		—	—		—		3,018
Derivative valuation adjustment	—	—		—		—		(9,185)		—	—		—		(9,185)
December 31, 2024	40,917	$	41	$	452,933	$	1,065,763	$	(195,989)	9,845	$	(379,210)	$	5,409	$	948,947

(a)On October 25, 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. In 2022, the Company repurchased 1,022,717 shares totaling $85.1 million and in 2024, the Company repurchased 182,901 shares totaling $14.5 million.