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Reconciliations of Equity (Tables)
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Reconciliations of Total Equity

Below are reconciliations of total equity for the three and six months ended June 30, 2023 and 2022:

 

(In thousands, except share and per share amounts)

 

Total

 

 

Common
Stock

 

 

Additional
Paid-in
Capital

 

 

Common
Treasury
Stock

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

 

Retained
Earnings

 

Balance, March 31, 2023

 

$

1,189,913

 

 

$

26,958

 

 

$

239,585

 

 

$

(184,194

)

 

$

(150,548

)

 

$

1,258,112

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of 6,791 shares of common
stock under incentive compensation plan

 

 

402

 

 

 

7

 

 

 

395

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based and deferred compensation

 

 

2,077

 

 

 

13

 

 

 

2,235

 

 

 

(171

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

12,684

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12,684

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

 

18,178

 

 

 

 

 

 

 

 

 

 

 

 

18,178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock ($0.365 per share)

 

 

(8,157

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8,157

)

Balance, June 30, 2023

 

$

1,215,097

 

 

$

26,978

 

 

$

242,215

 

 

$

(184,365

)

 

$

(132,370

)

 

$

1,262,639

 

 

(In thousands, except share and per share amounts)

 

Total

 

 

Common
Stock

 

 

Additional
Paid-in
Capital

 

 

Common
Treasury
Stock

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

 

Retained
Earnings

 

Balance, December 31, 2022

 

$

1,166,065

 

 

$

26,841

 

 

$

237,202

 

 

$

(180,596

)

 

$

(167,512

)

 

$

1,250,130

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of 32,772 shares of common
stock under incentive compensation plan

 

 

1,916

 

 

 

33

 

 

 

1,883

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based and deferred compensation

 

 

(535

)

 

 

104

 

 

 

3,130

 

 

 

(3,769

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

28,826

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28,826

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

 

35,142

 

 

 

 

 

 

 

 

 

 

 

 

35,142

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock ($0.730 per share)

 

 

(16,317

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(16,317

)

Balance, June 30, 2023

 

$

1,215,097

 

 

$

26,978

 

 

$

242,215

 

 

$

(184,365

)

 

$

(132,370

)

 

$

1,262,639

 

 

(In thousands, except share and per share amounts)

 

Total

 

 

Common
Stock

 

 

Additional
Paid-in
Capital

 

 

Common
Treasury
Stock

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

 

Retained
Earnings

 

Balance, March 31, 2022

 

$

1,116,738

 

 

$

26,814

 

 

$

224,500

 

 

$

(165,239

)

 

$

(140,183

)

 

$

1,170,846

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of 1,133 shares of
common stock under incentive compensation plan

 

 

71

 

 

 

1

 

 

 

70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase of 69,734 shares of
   common stock

 

 

(7,041

)

 

 

 

 

 

 

 

 

(7,041

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based and deferred
   compensation

 

 

4,908

 

 

 

10

 

 

 

4,940

 

 

 

(42

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

52,126

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

52,126

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss)

 

 

(33,619

)

 

 

 

 

 

 

 

 

 

 

 

(33,619

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock ($0.335 per share)

 

 

(7,472

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7,472

)

Balance, June 30, 2022

 

$

1,125,711

 

 

$

26,825

 

 

$

229,510

 

 

$

(172,322

)

 

$

(173,802

)

 

$

1,215,500

 

 

(In thousands, except share and per share amounts)

 

Total

 

 

Common
Stock

 

 

Additional
Paid-in
Capital

 

 

Common
Treasury
Stock

 

 

Accumulated
Other
Comprehensive
Income (Loss)

 

 

Retained
Earnings

 

Balance, December 31, 2021

 

$

1,074,193

 

 

$

26,761

 

 

$

220,820

 

 

$

(153,702

)

 

$

(153,236

)

 

$

1,133,550

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of 2,647 shares of
common stock under incentive compensation plan

 

 

185

 

 

 

3

 

 

 

182

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase of 167,940 shares of
   common stock

 

 

(16,976

)

 

 

 

 

 

 

 

 

(16,976

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based and deferred
   compensation

 

 

6,925

 

 

 

61

 

 

 

8,508

 

 

 

(1,644

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

96,935

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

96,935

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

 

(20,566

)

 

 

 

 

 

 

 

 

 

 

 

(20,566

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock ($0.670 per share)

 

 

(14,985

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(14,985

)

Balance, June 30, 2022

 

$

1,125,711

 

 

$

26,825

 

 

$

229,510

 

 

$

(172,322

)

 

$

(173,802

)

 

$

1,215,500