XML 65 R43.htm IDEA: XBRL DOCUMENT v3.20.1
Changes in Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Activity in Shareholders' Equity

The following table summarizes changes in Shareholders’ Equity for the period December 31, 2019 to March 31, 2020:

Class A

Common Stock

Class B

Common Stock

Additional paid-in capital

Retained earnings

Accumulated items of other comprehensive income

Class A

Treasury Stock

Noncontrolling Interest

Total Equity

(in thousands)

Shares

Amount

Shares

Amount

Shares

Amount

December 31, 2019

39,099

$39

1,618

$2

$432,518

$698,496

$(175,981)

8,409

$(256,391)

$4,006

$702,689

Adoption of accounting standards (a)

-

-

-

-

-

(1,443)

-

-

-

-

(1,443)

Net income

-

-

-

-

-

9,109

-

-

-

(1,515)

7,594

Compensation and benefits paid or payable in shares

13

-

-

-

(682)

-

-

-

-

-

(682)

Options exercised

-

-

-

-

-

-

-

-

-

-

-

Shares issued to Directors

-

-

-

-

-

-

-

-

-

-

-

Dividends declared

Class A Common Stock, $0.19 per share

-

-

-

-

-

(5,834)

-

-

-

-

(5,834)

Class B Common Stock, $0.19 per share

-

-

-

-

-

(307)

-

-

-

-

(307)

Cumulative translation adjustments

-

-

-

-

-

-

(25,747)

-

-

109

(25,638)

Pension and postretirement liability adjustments

-

-

-

-

-

-

(890)

-

-

-

890

Derivative valuation adjustment

-

-

-

-

-

-

(7,708)

-

-

-

(7,708)

March 31, 2020

39,112

$39

1,618

$2

$431,836

$700,021

$(208,546)

8,409

$(256,391)

$2,600

$669,561

27

The following table summarizes changes in Shareholders’ Equity for the period December 31, 2018 to March 31, 2019:

Class A

Common Stock

Class B

Common Stock

Additional paid-in capital

Retained earnings

Accumulated items of other comprehensive income

Class A

Treasury Stock

Noncontrolling Interest

Total Equity

(in thousands)

Shares

Amount

Shares

Amount

Shares

Amount

December 31, 2018

37,450

$37

3,234

$3

$430,555

$589,645

$(158,388)

8,419

$(256,603)

$3,031

$608,280

Adoption of accounting standards (b)

-

-

-

-

-

35

-

-

-

-

35

Net income

-

-

-

-

-

29,190

-

-

-

218

29,408

Compensation and benefits paid or payable in shares

25

-

-

-

(547)

-

-

-

-

-

(547)

Options exercised

3

-

44

-

-

-

-

-

44

Shares issued to Directors

-

-

-

-

-

-

-

-

-

-

-

Dividends declared

Class A Common Stock, $0.18 per share

-

-

-

-

-

(5,231)

-

-

-

-

(5,231)

Class B Common Stock, $0.18 per share

-

-

-

-

-

(582)

-

-

-

-

(582)

Cumulative translation adjustments

-

-

-

-

-

-

(654)

-

-

(8)

(662)

Pension and postretirement liability adjustments

-

-

-

-

-

-

(1,487)

-

-

-

(1,487)

Derivative valuation adjustment

-

-

-

-

-

-

(2,851)

-

-

-

(2,851)

March 31, 2019

37,478

$37

3,234

$3

$430,052

$613,057

$(163,380)

8,419

$(256,603)

$3,241

$626,407

 

(a)

As described in Note 1, the Company adopted the provisions of ASC 326, Current Expected Credit Losses (CECL) effective January 1, 2020, which resulted in a decrease to Retained earnings of $1.4 million.

(b)

The Company adopted ASC 842, Leases effective January 1, 2019, which resulted in an increase to Retained earnings of less than $0.1 million.