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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Additional paid-in-capital
Accumulated other comprehensive (loss) income
Retained earnings
Treasury stock
Deferred compensation
Class A common stock
Class A common stock
Common stock
Class A common stock
Retained earnings
Class B common stock
Class B common stock
Common stock
Class B common stock
Retained earnings
Net of tax, beginning balance at Dec. 31, 2024 $ 1,987,258 $ 16,466 $ (47,591) $ 3,162,303 $ (1,169,074) $ 22,984   $ 1,992     $ 178  
Increase (decrease) in shareholders' equity                        
Net income 138,417     138,417                
Other comprehensive (loss) income 5,217   5,217                  
Dividends declared             $ (63,048)   $ (63,048) $ (521)   $ (521)
Net purchase of treasury stock [1] 28 28     0              
Deferred compensation 0       (869) 869            
Rabbi trust distribution [2] 0       407 (407)            
Net of tax, ending balance at Mar. 31, 2025 2,067,351 16,494 (42,374) 3,237,151 (1,169,536) 23,446   1,992     178  
Net of tax, beginning balance at Dec. 31, 2025 2,283,374 16,492 (52,021) 3,462,823 (1,171,014) 24,924   1,992     178  
Increase (decrease) in shareholders' equity                        
Net income 150,474     150,474                
Other comprehensive (loss) income (12,226)   (12,226)                  
Dividends declared             $ (67,551)   $ (67,551) $ (558)   $ (558)
Net purchase of treasury stock [1] 8 8     0              
Deferred compensation 0       (670) 670            
Rabbi trust distribution [2] 0       524 (524)            
Net of tax, ending balance at Mar. 31, 2026 $ 2,353,521 $ 16,500 $ (64,247) $ 3,545,188 $ (1,171,160) $ 25,070   $ 1,992     $ 178  
[1] Net purchases of treasury stock in 2026 and 2025 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 three incentive compensation deferral plan participants in 2026 and two in 2025.