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Stockholders' Equity
 6 Months Ended
Jun. 30, 2020
Stockholders' Equity [Abstract]  
Stockholders' Equity
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, 2020:

(in thousands)
  
Common Stock
    
Class A Common Stock
    
Additional Paid-In Capital
    
Retained Earnings
    
Accumulated Other
Comprehensive Loss
    
Treasury Stock
    
Total
  
Balances at March 31, 2020
  
$
29,458
    
$
2,054
    
$
93,835
    
$
294,068
    
$
(2,056
)
  
$
(164,912
)
  
$
252,447
  
Net income
                            
13,640
                      
13,640
  
Dividends declared:
                                                        
Common Stock, $0.15 per share
                            
(2,593
)
                    
(2,593
)
Class A Common Stock, $0.14 per share
                            
(215
)
                    
(215
)
Restricted stock issuances
    
80
              
(634
)
                            
(554
)
Amortization of restricted stock
                    
1,064
                              
1,064
  
Directors’ Compensation Plan
                    
316
                      
244
      
560
  
Other comprehensive income
                                    
29
              
29
  
Balances at June 30, 2020
  
$
29,538
    
$
2,054
    
$
94,581
    
$
304,900
    
$
(2,027
)
  
$
(164,668
)
  
$
264,378
  

For the six months ended June 30, 2020:

(in thousands)
  
Common Stock
    
Class A Common Stock
    
Additional Paid-In Capital
    
Retained Earnings
    
Accumulated Other
Comprehensive Loss
    
Treasury Stock
    
Total
  
Balances at December 31, 2019
  
$
29,431
    
$
2,054
    
$
93,208
    
$
295,999
    
$
(2,087
)
  
$
(158,102
)
  
$
260,503
  
Net income
                            
15,459
                      
15,459
  
Dividends declared:
                                                        
Common Stock, $0.35 per share
                            
(6,052
)
                    
(6,052
)
Class A Common Stock, $0.33 per share
                            
(506
)
                    
(506
)
Acquisition of treasury stock
                                            
(6,810
)
    
(6,810
)
Restricted stock issuances
    
107
              
(980
)
                            
(873
)
Amortization of restricted stock
                    
2,037
                              
2,037
  
Directors’ Compensation Plan
                    
316
                      
244
      
560
  
Other comprehensive income
                                    
60
              
60
  
Balances at June 30, 2020
  
$
29,538
    
$
2,054
    
$
94,581
    
$
304,900
    
$
(2,027
)
  
$
(164,668
)
  
$
264,378
  

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 Loss
    
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
  
Directors’ 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 Loss
    
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
  
Directors’ 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