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STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - 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 loss
Retained earnings
Retained earnings
Class A common stock
Retained earnings
Class B common stock
Treasury stock
Deferred compensation
Beginning balance at Dec. 31, 2020 $ 1,188,048     $ 1,992 $ 178 $ 16,487 $ (78,143) $ 2,393,624     $ (1,163,670) $ 17,580
Increase (decrease) in shareholders' equity                        
Net income 73,566             73,566        
Other comprehensive (loss) income (5,289)           (5,289)          
Dividends declared:   $ (47,806) $ (395)           $ (47,806) $ (395)    
Net purchase of treasury stock [1] 9         9         0  
Deferred compensation 0                   (846) 846
Rabbi trust distribution [2] 0                   876 (876)
Ending balance at Mar. 31, 2021 1,208,133     1,992 178 16,496 (83,432) 2,418,989     (1,163,640) 17,550
Beginning balance at Dec. 31, 2021 1,342,478     1,992 178 16,496 (25,288) 2,495,190     (1,167,828) 21,738
Increase (decrease) in shareholders' equity                        
Net income 68,619             68,619        
Other comprehensive (loss) income (25,189)           (25,189)          
Dividends declared:   $ (51,270) $ (423)           $ (51,270) $ (423)    
Net purchase of treasury stock [1] (15)         (15)         0  
Deferred compensation 0                   (802) 802
Rabbi trust distribution [2] 0                   298 (298)
Ending balance at Mar. 31, 2022 $ 1,334,200     $ 1,992 $ 178 $ 16,481 $ (50,477) $ 2,512,116     $ (1,168,332) $ 22,242
[1] Net purchases of treasury stock in 2022 and 2021 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 an incentive compensation deferral plan participant in 2022 and a retired director in 2021.