Shareholders' Equity

12 Months Ended

Dec. 31, 2025

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

We currently have one class of Common Stock, Class A Common Stock, with a par value of $0.001. Each share is entitled to one vote on all matters submitted to shareholders, and will receive dividends as approved by the Board of Directors.

The Company's Board of Directors authorized the Company to repurchase shares of up to $250 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts. The program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company's discretion. The share repurchase program does not have an expiration date. The timing and amount of any share repurchases will be based on the Company’s liquidity, general business and market conditions, debt covenant restrictions and other factors, including alternative investment opportunities and capital structure. As of December 31, 2025, the Company has repurchased in total 2,682,859 shares under the current plan for a total cost of $173.3 million. We are currently authorized to repurchase shares up to $76.7 million under the current program. Further, shares were purchased in 2025 for $12.6 million under a now expired authorization. Repurchases made during 2025 are subject to excise taxes of $1.9 million, payable in 2026.

Activity in Shareholders’ equity for 2023, 2024, and 2025 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, 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	—	—		—		—		—		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

(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, 2025	40,917	$	41	$	452,933	$	1,065,763	$	(195,989)	9,845	$	(379,210)	$	5,409	$	948,947
Net income	—	—		—		(57,342)		—		—	—		383		(56,959)
Stock- based compensation	61	—		9,300		—		—		—	—		—		9,300
Stock issued under incentive compensation plans	—	—		(1,067)		—		—		—	—		—		(1,067)
Taxes paid in lieu of share issuance	—	—		(1,454)		—		—		—	—		—		(1,454)
Shares issued to Directors'	11	—		760		—		—		—	—		—		760
Purchase of Treasury shares	—	—		—		—		—		2,841	(187,929)		—		(187,929)
Dividends declared on Class A Common Stock, $1.09 per share	—	—		—		(31,953)		—		—	—		—		(31,953)
Dividends paid to noncontrolling interests	—	—		—		—		—		—	—		(88)		(88)
Cumulative translation adjustments	—	—		—		—		62,547		—	—		101		62,648
Pension and postretirement liability adjustments	—	—		—		—		(9,583)		—	—		—		(9,583)
Derivative valuation adjustment	—	—		—		(95)		(513)		—	—		88		(520)
December 31, 2025	40,989	$	41	$	460,472	$	976,373	$	(143,538)	12,686	$	(567,139)	$	5,893	$	732,102