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Stockholders' Equity
 9 Months Ended
Sep. 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 September 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 June 30, 2020
  
$
29,538
    
$
2,054
    
$
94,581
    
$
304,900
    
$
(2,027
)
  
$
(164,668
)
  
$
264,378
  
Net income
                            
18,261
                      
18,261
  
Dividends declared:
                                                        
Common Stock, $0.20 per share
                            
(3,423
)
                    
(3,423
)
Class A Common Stock, $0.19 per share
                            
(290
)
                    
(290
)
Class A conversion
    
17
      
(17
)
                                    
—
  
Acquisition of treasury stock
                                            
(12,899
)
    
(12,899
)
Amortization of restricted stock
                    
1,325
                              
1,325
  
Directors’ Compensation Plan
                    
(5
)
                            
(5
)
Other comprehensive income
                                    
30
              
30
  
Balances at September 30, 2020
  
$
29,555
    
$
2,037
    
$
95,901
    
$
319,448
    
$
(1,997
)
  
$
(177,567
)
  
$
267,377
  

For the nine months ended September 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
                            
33,720
                      
33,720
  
Dividends declared:
                                                        
Common Stock, $0.55 per share
                            
(9,475
)
                    
(9,475
)
Class A Common Stock, $0.52 per share
                            
(796
)
                    
(796
)
Acquisition of treasury stock
                                            
(19,708
)
    
(19,708
)
Restricted stock issuances
    
107
              
(983
)
                            
(876
)
Class A Conversion
    
17
      
(17
)
                                    
—
  
Amortization of restricted stock
                    
3,362
                              
3,362
  
Directors’ Compensation Plan
                    
314
                      
243
      
557
  
Other comprehensive income
                                    
90
              
90
  
Balances at September 30, 2020
  
$
29,555
    
$
2,037
    
$
95,901
    
$
319,448
    
$
(1,997
)
  
$
(177,567
)
  
$
267,377
  

For the three months ended September 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 June 30, 2019
  
$
29,418
    
$
2,058
    
$
91,847
    
$
291,573
    
$
(1,448
)
  
$
(146,188
)
  
$
267,260
  
Net income
                            
6,097
                      
6,097
  
Dividends declared:
                                                        
Common Stock, $0.20 per share
                            
(3,617
)
                    
(3,617
)
Class A Common Stock, $0.19 per share
                            
(292
)
                    
(292
)
Acquisition of treasury stock
                                            
(1,473
)
    
(1,473
)
Amortization of restricted stock
                    
739
                              
739
  
Directors’ Compensation Plan
                                                        
Other comprehensive income
                                    
8
              
8
  
Balances at September 30, 2019
  
$
29,418
    
$
2,058
    
$
92,586
    
$
293,761
    
$
(1,440
)
  
$
(147,661
)
  
$
268,722
  

For the nine months ended September 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
                            
15,765
                      
15,765
  
Dividends declared:
                                                        
Common Stock, $0.56 per share
                            
(10,342
)
                    
(10,342
)
Class A Common Stock, $0.53per share
                            
(852
)
                    
(852
)
Acquisition of treasury stock
                                            
(19,316
)
    
(19,316
)
Restricted stock issuances
    
117
              
(1,445
)
                            
(1,328
)
Class A conversion
    
222
      
(222
)
                                    
—
  
Amortization of restricted stock
                    
2,690
                              
2,690
  
Directors’ Compensation Plan
                    
(53
)
                    
680
      
627
  
Other comprehensive income
                                    
25
              
25
  
Cumulative effect adjustment
                            
6,824
                      
6,824
  
Balances at September 30, 2019
  
$
29,418
    
$
2,058
    
$
92,586
    
$
293,761
    
$
(1,440
)
  
$
(147,661
)
  
$
268,722