XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Cumulative effect adjustment
[3]
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 (loss) income
Retained earnings
Retained earnings
Cumulative effect adjustment
[3]
Retained earnings
Class A common stock
Retained earnings
Class B common stock
Treasury stock
Deferred compensation
Beginning balance 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 75,311               75,311          
Other comprehensive (loss) income 6,710             6,710            
Dividends declared:     $ (41,570) $ (343)             $ (41,570) $ (343)    
Net purchase of treasury stock [1] 24           24           0  
Deferred compensation 0                       (1,154) 1,154
Ending balance at Mar. 31, 2019 1,013,804       1,992 178 16,483 (123,574) 2,264,815       (1,158,779) 12,689
Increase (decrease) in shareholders' equity                            
Common stock (in dollars per share)     $ 0.90 $ 135.00                    
Beginning balance 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 163,065                          
Other comprehensive (loss) income 10,520             10,520            
Ending balance at Jun. 30, 2019 1,063,454       1,992 178 16,483 (119,764) 2,310,655       (1,158,300) 12,210
Increase (decrease) in shareholders' equity                            
Common stock (in dollars per share)     $ 1.80 $ 270.00                    
Beginning balance at Mar. 31, 2019 1,013,804       1,992 178 16,483 (123,574) 2,264,815       (1,158,779) 12,689
Increase (decrease) in shareholders' equity                            
Net income 87,754               87,754          
Other comprehensive (loss) income 3,810             3,810            
Dividends declared:     $ (41,570) $ (344)             (41,570) (344)    
Net purchase of treasury stock [1] 0           0           0  
Deferred compensation 0                       (443) 443
Rabbi trust distribution [2] 0                       922 (922)
Ending balance at Jun. 30, 2019 1,063,454       1,992 178 16,483 (119,764) 2,310,655       (1,158,300) 12,210
Increase (decrease) in shareholders' equity                            
Common stock (in dollars per share)     $ 0.90 $ 135.00                    
Beginning balance at Dec. 31, 2019 1,133,253 $ (1,075)     1,992 178 16,483 (116,868) 2,377,558 $ (1,075)     (1,158,910) 12,820
Increase (decrease) in shareholders' equity                            
Net income 59,326               59,326          
Other comprehensive (loss) income (29,576)             (29,576)            
Dividends declared:     $ (44,572) $ (368)             (44,572) (368)    
Net purchase of treasury stock [1] 4           4           0  
Deferred compensation 0                       (772) 772
Ending balance at Mar. 31, 2020 1,116,992       1,992 178 16,487 (146,444) 2,390,869       (1,159,682) 13,592
Increase (decrease) in shareholders' equity                            
Common stock (in dollars per share)     $ 0.965 $ 144.75                    
Beginning balance at Dec. 31, 2019 1,133,253 $ (1,075)     1,992 178 16,483 (116,868) 2,377,558 $ (1,075)     (1,158,910) 12,820
Increase (decrease) in shareholders' equity                            
Net income 141,303                          
Other comprehensive (loss) income 10,535             10,535            
Ending balance at Jun. 30, 2020 1,194,139       1,992 178 16,487 (106,333) 2,427,905       (1,162,546) 16,456
Increase (decrease) in shareholders' equity                            
Common stock (in dollars per share)     $ 1.93 $ 289.50                    
Beginning balance at Mar. 31, 2020 1,116,992       1,992 178 16,487 (146,444) 2,390,869       (1,159,682) 13,592
Increase (decrease) in shareholders' equity                            
Net income 81,977               81,977          
Other comprehensive (loss) income 40,111             40,111            
Dividends declared:     $ (44,573) $ (368)             $ (44,573) $ (368)    
Net purchase of treasury stock [1] 0           0           0  
Deferred compensation 0                       (3,568) 3,568
Rabbi trust distribution [2] 0                       704 (704)
Ending balance at Jun. 30, 2020 $ 1,194,139       $ 1,992 $ 178 $ 16,487 $ (106,333) $ 2,427,905       $ (1,162,546) $ 16,456
Increase (decrease) in shareholders' equity                            
Common stock (in dollars per share)     $ 0.965 $ 144.75                    
[1] Net purchases of treasury stock in 2020 and 2019 include the repurchase of our Class A common stock in the open market that were subsequently distributed to satisfy stock based compensation awards.
[2] Distributions of our Class A shares were made from the rabbi trust to a retired director in 2020 and 2019.
[3] The cumulative effect adjustment is related to the implementation of new credit loss allowance accounting guidance effective January 1, 2020. See Note 2. "Significant Accounting Policies".