Changes in Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2025

Stockholders' Equity Note [Abstract]

The following tables summarize changes in Shareholders’ Equity for the three and nine month period ended September 30, 2025:


	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
	Shares	Amount									Shares					Amount


























June 30, 2025	40,984	$	41		$	456,587	$	1,075,934	$	(144,292)	11,516	$	(499,658)	$	5,497	$	894,109
Net income/(loss)	—	—			—		(97,760)		—		—	—		122		(97,638)
Stock issued under incentive compensation plans	5	—			—		—		—		—	—		—		—
Taxes paid in lieu of share issuance	—	—			(137)		—		—		—	—		—		(137)
Stock-based compensation	—	—			3,844											3,844


Purchase of Treasury shares (a)	—	—			—		—		—		810	(50,516)		—		(50,516)
Dividends declared on Class A Common Stock, $0.27 per share	—	—			—		(7,739)		—		—	—		—		(7,739)



Cumulative translation adjustments	—	—			—		—		2,395		—	—		90		2,485
Pension and postretirement liability adjustments	—	—			—		—		473		—	—		—		473

Derivative valuation adjustment and other	—	—			—		—		126		—	—		—		126
September 30, 2025	40,989	$	41		$	460,294	$	970,435	$	(141,298)	12,326	$	(550,174)	$	5,709	$	745,007


	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
	Shares	Amount									Shares					Amount
December 31, 2024	40,917	$	41		$	452,933	$	1,065,763	$	(195,989)	9,845	$	(379,210)	$	5,409	$	948,947
Net income/(loss)	—	—			—		(71,222)		—		—	—		265		(70,957)
Stock issued under incentive compensation plans	61	—			(1,067)		—		—		—	—		—		(1,067)
Taxes paid in lieu of share issuance	—	—			(1,454)		—		—		—	—		—		(1,454)
Stock-based compensation	—	—			9,122		—		—		—	—		—		9,122

Shares issued to Directors'	11	—			760		—		—		—	—		—		760
Purchase of Treasury shares (a)	—	—			—		—		—		2,481	(170,964)		—		(170,964)

Dividends declared on Class A Common Stock, $0.81 per share	—	—			—		(24,025)		—		—	—		—		(24,025)

Dividends paid to noncontrolling interests	—	—			—		—		—		—	—		(88)		(88)


Cumulative translation adjustments	—	—			—		—		58,366		—	—		35		58,401
Pension and postretirement liability adjustments	—	—			—		—		(3,044)		—	—		—		(3,044)

Derivative valuation adjustment and other	—	—			—		(81)		(631)		—	—		88		(624)
September 30, 2025	40,989	$	41		$	460,294	$	970,435	$	(141,298)	12,326	$	(550,174)	$	5,709	$	745,007

The following table summarizes changes in Shareholders’ Equity for the three and nine month period ended September 30, 2024:


	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
























June 30, 2024	40,908	$	41		$	452,461	$	1,046,612	$	(166,907)	9,662	$	(364,665)	$	5,806	$	973,348
Net income/(loss)	—	—			—		18,029		—		—	—		192		18,221
Compensation and benefits paid or payable in shares	9	—			195		—		—		—	—		—		195



Dividends declared on Class A Common Stock, $0.26 per share	—	—			—		(8,127)		—		—	—		—		(8,127)

Initial equity related to Noncontrolling interest in Arcari	—	—			—		—		—		—	—		(166)		(166)
Cumulative translation adjustments	—	—			—		—		16,931		—	—		(153)		16,778
Pension and postretirement liability adjustments	—	—			—		—		(623)		—	—		—		(623)

Derivative valuation adjustment	—	—			—		—		(2,950)		—	—		—		(2,950)
September 30, 2024	40,917	$	41		$	452,656	$	1,056,514	$	(153,549)	9,662	$	(364,665)	$	5,679	$	996,676


	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, 2023	40,856	$	41		$	448,218	$	1,010,942	$	(133,168)	9,662	$	(364,665)	$	5,952	$	967,320
Net income/(loss)	—	—			—		69,944		—		—	—		366		70,310
Compensation and benefits paid or payable in shares	51	—			3,535		—		—		—	—		—		3,535

Shares issued to Directors'	10	—			903		0		—		—	—		—		903

Class A Common Stock, $0.78 per share	—	—			—		(24,372)		—		—	—		—		(24,372)

Inital equity related to Noncontolling interest in Arcari	—	—			—		0		—		—	—		(166)		(166)
Cumulative translation adjustments	—	—			—		—		(12,472)		—	—		(473)		(12,945)
Pension and postretirement liability adjustments	—	—			—		0		5		—	—		—		5

Derivative valuation adjustment	—	—			—		—		(7,914)		—	—		—		(7,914)
September 30, 2024	40,917	$	41		$	452,656	$	1,056,514	$	(153,549)	9,662	$	(364,665)	$	5,679	$	996,676

(a)In 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. On February 21, 2025, the Company's Board of Directors authorized the Company to repurchase shares up to $250 million (excluding any fees, commissions, taxes or other expenses related to such purchases), which replaced the 2021 authorization. In 2025, the Company repurchased 2,480,769 shares totaling $171.0 million including excise taxes and fees.