NOTE C – Stockholders’ Equity

The following outlines the changes in each caption of stockholders’ equity for the current and comparative periods and the dividends per share for each class of shares.

For the three months ended June 30, 2019:

(in thousands)	Common Stock		Class A Common Stock			Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Total
Balances at March 31, 2019	$	29,113	$	2,280		$	91,888		$	289,126		$	(1,456	)	$	(129,025	)	$	281,926
Net income										6,046									6,046
Dividends declared:
Common Stock, $0.18 per share										(3,338	)								(3,338	)
Class A Common Stock, $0.17 per share										(261	)								(261	)
Acquisition of treasury stock																(17,843	)		(17,843	)
Restricted stock issuances		83					(878	)											(795	)
Class A conversion		222		(222	)														—
Amortization of restricted stock							890												890
Director’s compensation plan							(53	)								680			627
Other comprehensive income													8						8
Balances at June 30, 2019	$	29,418	$	2,058		$	91,847		$	291,573		$	(1,448	)	$	(146,188	)	$	267,260

For the six months ended June 30, 2019:

(in thousands)	Common Stock		Class A Common Stock			Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Total
Balances at December 31, 2018	$	29,079	$	2,280		$	91,394		$	282,366		$	(1,465	)	$	(129,025	)	$	274,629
Net income										9,668									9,668
Dividends declared:
Common Stock, $0.36 per share										(6,725	)								(6,725	)
Class A Common Stock, $0.34 per share										(560	)								(560	)
Acquisition of treasury stock																(17,843	)		(17,843	)
Restricted stock issuances		117					(1,445	)											(1,328	)
Class A conversion		222		(222	)														—
Amortization of restricted stock							1,951												1,951
Director’s compensation plan							(53	)								680			627
Other comprehensive income													17						17
Cumulative effect adjustment										6,824									6,824
Balances at June 30, 2019	$	29,418	$	2,058		$	91,847		$	291,573		$	(1,448	)	$	(146,188	)	$	267,260

For the three months ended June 30, 2018:

(in thousands)	Common Stock		Class A Common Stock			Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Total
Balances at March 31, 2018	$	28,979	$	2,290		$	90,174		$	290,044		$	(2,119	)	$	(114,846	)	$	294,522
Net income										6,214									6,214
Dividends declared:
Common Stock, $0.18 per share										(3,493	)								(3,493	)
Class A Common Stock, $0.17 per share										(300	)								(300	)
Acquisition of treasury stock																(5,757	)		(5,757	)
Restricted Stock issuances		85					(901	)											(816	)
Class A conversion		1		(1	)														—
Amortization of restricted stock							986												986
Director’s compensation plan							(609	)								1,006			397
Other comprehensive income													25						25
Balances at June 30, 2018	$	29,065	$	2,289		$	89,650		$	292,465		$	(2,094	)	$	(119,597	)	$	291,778

For the six months ended June 30, 2018:

(in thousands)	Common Stock		Class A Common Stock			Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Total
Balances at December 31, 2017	$	28,950	$	2,290		$	88,978		$	287,390		$	(2,144	)	$	(111,322	)	$	294,142
Net income										12,527									12,527
Dividends declared:
Common Stock, $0.36 per share										(6,984	)								(6,984	)
Class A Common Stock, $0.34 per share										(601	)								(601	)
Acquisition of treasury stock																(9,281	)		(9,281	)
Restricted Stock issuances		114					(1,276	)											(1,162	)
Class A conversion		1		(1	)														—
Amortization of restricted stock							2,557												2,557
Director’s compensation plan							(609	)								1,006			397
Other comprehensive income													50						50
Cumulative effect adjustment										133									133
Balances at June 30, 2018	$	29,065	$	2,289		$	89,650		$	292,465		$	(2,094	)	$	(119,597	)	$	291,778