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STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Common Stock
Common stock
Class A Common Stock
Common stock
Class B Common Stock
Additional paid-in-capital
Accumulated other comprehensive income (loss)
Retained earnings
Retained earnings
Class A Common Stock
Retained earnings
Class B Common Stock
Treasury stock
Deferred compensation
Balance, end of year at Dec. 31, 2015 $ 769,503     $ 1,992 $ 178 $ 16,311 $ (96,864) $ 1,993,976     $ (1,155,108) $ 9,018
Increase (decrease) in shareholders' equity                        
Net income 210,366             210,366        
Other comprehensive (loss) income (24,517)           (24,517)          
Dividends declared:   $ (137,297) $ (1,134)           $ (137,297) $ (1,134)    
Net purchase of treasury stock [1] (11)         (11)         0  
Deferred compensation 0                   (738) 738
Balance, end of year at Dec. 31, 2016 816,910     1,992 178 16,300 (121,381) 2,065,911     (1,155,846) 9,756
Increase (decrease) in shareholders' equity                        
Net income 196,999             196,999        
Other comprehensive (loss) income (8,295)           (8,295)          
Dividends declared:   (147,225) (1,215)           (147,225) (1,215)    
Net purchase of treasury stock [1] 170         170         0  
Deferred compensation 0                   (1,177) 1,177
Rabbi trust distribution [2] 0                   1,355 (1,355)
AOCI reclassification [3] 0           (26,383) 26,383        
Balance, end of year at Dec. 31, 2017 857,344     1,992 178 16,470 (156,059) 2,140,853     (1,155,668) 9,578
Increase (decrease) in shareholders' equity                        
Net income 288,224             288,224        
Other comprehensive (loss) income 25,775           25,775          
Dividends declared:   $ (157,964) $ (1,304)           $ (157,964) $ (1,304)    
Net purchase of treasury stock [1] (11)         (11)         0  
Deferred compensation 0                   (2,566) 2,566
Rabbi trust distribution [2] 0                   609 (609)
Balance, end of year at Dec. 31, 2018 973,672     $ 1,992 $ 178 $ 16,459 $ (130,284) 2,231,417     $ (1,157,625) $ 11,535
Increase (decrease) in shareholders' equity                        
Cumulative effect adjustments [4] $ (38,392)             $ (38,392)        
[1] Net purchases of treasury stock in 2016, 2017 and 2018 includes the repurchase of our Class A common stock in the open market that were subsequently distributed to satisfy stock based compensation awards. See Note 12, "Capital Stock", for additional information on treasury stock transactions.
[2] Distributions of our Class A shares were made from the rabbi trust to a retired director and an incentive compensation deferral plan participant in 2018 and to a retired director in 2017. See Note 10, "Incentive and Deferred Compensation Plans".
[3] A one-time adjustment was made in the fourth quarter of 2017 to reclassify stranded tax effects of the components of accumulated other comprehensive income ("AOCI") resulting from enactment of Tax Cuts and Jobs Act ("TCJA") from AOCI to retained earnings. See Note 2, "Significant Accounting Policies".
[4] Cumulative effect adjustments are primarily related to the implementation of new revenue recognition guidance effective January 1, 2018. See Note 2, "Significant Accounting Policies".