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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Retained Earnings [Member]
Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2016 [1] $ 652,024 $ 25,895 $ 158,042 $ (70,938) $ (127,465) $ 665,178 $ 1,312
Issuance of common stock under stock option plan 3,370 104 3,266        
Purchase of common stock (6,000)     (6,000)      
Stock-based and deferred compensation 7,549 72 9,100 (1,623)      
Net income [1] 100,743 [2]         100,774 (31)
Other comprehensive income 27,981       27,902   79
Cash dividends paid:              
Common stock (18,907)         (18,907)  
Payment of cash dividends to noncontrolling interest (542)           (542)
Ending Balance at Dec. 31, 2017 [1] 766,218 26,071 170,408 (78,561) (99,563) 747,045 818
Issuance of common stock under stock option plan 4,163 97 4,066        
Purchase of common stock (15,500)     (15,500)      
Stock-based and deferred compensation 5,220 141 8,407 (3,328)      
Net income [1] 111,105 [2],[3]         111,117 (12)
Other comprehensive income (41,966)       (41,920)   (46)
Cash dividends paid:              
Common stock (20,857)         (20,857)  
Other [4] (198)         (198)  
Ending Balance at Dec. 31, 2018 [1],[6] 808,185 [5] 26,309 182,881 (97,389) (141,483) 837,107 760
Issuance of common stock under stock option plan 3,037 60 2,977        
Purchase of common stock (13,184)     (13,184)      
Stock-based and deferred compensation 3,835 124 7,277 (3,566)      
Net income 103,101 [2]         103,129 (28)
Other comprehensive income 10,619       10,638   (19)
Cash dividends paid:              
Common stock (23,097)         (23,097)  
Other [7]         (5,325) 5,325  
Ending Balance at Dec. 31, 2019 $ 892,496 [5] $ 26,493 $ 193,135 $ (114,139) $ (136,170) $ 922,464 $ 713
[1] The retained earnings and net income amounts for the noted line items have been retrospectively changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO.
[2] The 2018 and 2017 amounts for the noted line items have been retrospectively changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO.
[3] The 2018 amounts for the noted line items have been retrospectively changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO
[4] Reflects beginning retained earnings adjustment as a result of the Company’s first quarter 2018 adoption of ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.
[5] The 2018 amounts for the noted line items have been retrospectively changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO.
[6] The retained earnings amount for the noted line item has been retrospectively changed from the amount originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO.
[7] Reflects beginning retained earnings adjustment as a result of the Company’s first quarter 2019 adoption of ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.