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STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
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
Cumulative Effect, Period of Adoption, Adjustment
[1]
Retained earnings
Class A common stock
Retained earnings
Class B common stock
Treasury stock
Deferred compensation
Balance, beginning of year at Dec. 31, 2017 $ 857,344 $ (38,392)     $ 1,992 $ 178 $ 16,470 $ (156,059) $ 2,140,853 $ (38,392)     $ (1,155,668) $ 9,578
Increase (Decrease) in Shareholders' Equity                            
Accounting standards update us-gaap:AccountingStandardsUpdate201409Member                          
Net income $ 288,224               288,224          
Other comprehensive income 25,775             25,775            
Dividends declared     $ (157,964) $ (1,304)             $ (157,964) $ (1,304)    
Net purchase of treasury stock [2] (11)           (11)              
Deferred compensation 0                       (2,566) 2,566
Rabbi trust distribution 0                       609 [3] (609) [3]
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 income 13,416             13,416            
Dividends declared     (169,283) (1,397)             (169,283) (1,397)    
Net purchase of treasury stock [2] 24           24              
Deferred compensation 0                       (2,208) 2,208
Rabbi trust distribution 0                       923 [3] (923) [3]
Balance, end of year 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                            
Accounting standards update us-gaap:AccountingStandardsUpdate201613Member                          
Net income $ 293,304               293,304          
Other comprehensive income 38,725             38,725            
Dividends declared     $ (273,902) $ (2,261)             $ (273,902) $ (2,261)    
Net purchase of treasury stock [2] 4           4              
Deferred compensation 0                       (5,465) 5,465
Rabbi trust distribution 0                       705 [3] (705) [3]
Balance, end of year at Dec. 31, 2020 $ 1,188,048       $ 1,992 $ 178 $ 16,487 $ (78,143) $ 2,393,624       $ (1,163,670) $ 17,580
[1] (1) Cumulative effect adjustments in 2018 are primarily related to the implementation of new revenue recognition guidance effective January 1, 2018. The Cumulative effect adjustment in 2020 is related to the implementation of new credit loss allowance accounting guidance effective January 1, 2020. See Note 2, "Significant Accounting Policies."
[2] (2) Net purchases of treasury stock in 2018, 2019 and 2020 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".
[3] (3) 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, 2019 and 2020. See Note 11, "Incentive and Deferred Compensation Plans".