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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, 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                        
Net income 316,821             316,821        
Other comprehensive (loss) income 13,416           13,416          
Dividends declared:   $ (169,283) $ (1,397)           $ (169,283) $ (1,397)    
Net purchase of treasury stock [1] 24         24         0  
Deferred compensation 0                   (2,208) 2,208
Rabbi trust distribution [2] 0                   923 (923)
Balance, end of year at Dec. 31, 2019 $ 1,133,253     $ 1,992 $ 178 $ 16,483 $ (116,868) $ 2,377,558     $ (1,158,910) $ 12,820
[1] Net purchases of treasury stock in 2017, 2018 and 2019 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 11, "Incentive and Deferred Compensation Plans".
[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 both 2019 and 2018 and to a retired director in 2017. See Note 11, "Incentive and Deferred Compensation Plans".
[3] A one-time adjustment was made in 2017 to reclassify stranded tax effects of the components of accumulated other comprehensive income ("AOCI") (loss) resulting from enactment of Tax Cuts and Jobs Act ("TCJA") from AOCI (loss) to retained earnings. See Note 2, "Significant Accounting Policies".