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Condensed Consolidated Unaudited Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Peirce-Phelps, Inc.
Dunphey & Associates Supply Co., Inc.
Common Stock
Peirce-Phelps, Inc.
Common Stock
Dunphey & Associates Supply Co., Inc.
Common Stock, Class B Common Stock and Preferred Stock
Paid-In Capital
Paid-In Capital
Peirce-Phelps, Inc.
Paid-In Capital
Dunphey & Associates Supply Co., Inc.
Accumulated Other Comprehensive Loss
Retained Earnings
Treasury Stock
Non-controlling Interest
Beginning balance at Dec. 31, 2017 $ 1,550,977         $ 21,050 $ 804,008     $ (34,221) $ 594,556 $ (87,440) $ 253,024
Beginning balance (in shares) at Dec. 31, 2017           37,228,715              
Cumulative-effect adjustment at Dec. 31, 2017                   301 (301)    
Net income 42,377                   34,219   8,158
Other comprehensive income (loss) (5,741)                 (3,649)     (2,092)
Issuances of non-vested restricted shares of common stock           $ 46 (46)            
Issuances of non-vested restricted shares of common stock (in shares)           91,609              
Forfeitures of non-vested restricted shares of common stock           $ (2) 2            
Forfeitures of non-vested restricted shares of common stock (in shares)           (3,000)              
Common stock contribution to 401(k) plan 2,945         $ 9 2,936            
Common stock contribution to 401(k) plan (in shares)           17,318              
Stock issuances from exercise of stock options and employee stock purchase plan 4,341         $ 19 4,322            
Stock issuances from exercise of stock options and employee stock purchase plan (in shares)           37,130              
Retirement of common stock (914)         $ (3) (911)            
Retirement of common stock (in shares)           (5,041)              
Share-based compensation 4,400           4,400            
Cash dividends declared and paid on Common and Class B common stock (46,581)                   (46,581)    
Distributions to non-controlling interest (2,178)                       (2,178)
Ending balance at Mar. 31, 2018 1,549,626         $ 21,119 814,711     (37,569) 581,893 (87,440) 256,912
Ending balance (in shares) at Mar. 31, 2018           37,366,731              
Beginning balance at Dec. 31, 2017 1,550,977         $ 21,050 804,008     (34,221) 594,556 (87,440) 253,024
Beginning balance (in shares) at Dec. 31, 2017           37,228,715              
Cumulative-effect adjustment at Dec. 31, 2017                   301 (301)    
Net income 247,527                        
Other comprehensive income (loss) (6,717)                        
Ending balance at Sep. 30, 2018 1,660,550         $ 21,148 829,050     (38,157) 642,643 (87,440) 293,306
Ending balance (in shares) at Sep. 30, 2018           37,424,364              
Beginning balance at Mar. 31, 2018 1,549,626         $ 21,119 814,711     (37,569) 581,893 (87,440) 256,912
Beginning balance (in shares) at Mar. 31, 2018           37,366,731              
Net income 108,264                   89,957   18,307
Other comprehensive income (loss) (4,561)                 (2,890)     (1,671)
Issuances of non-vested restricted shares of common stock           $ 4 (4)            
Issuances of non-vested restricted shares of common stock (in shares)           8,500              
Forfeitures of non-vested restricted shares of common stock           $ (2) 2            
Forfeitures of non-vested restricted shares of common stock (in shares)           (5,000)              
Stock issuances from exercise of stock options and employee stock purchase plan 1,601         $ 6 1,595            
Stock issuances from exercise of stock options and employee stock purchase plan (in shares)           11,935              
Retirement of common stock (2,499)         $ (7) (2,492)            
Retirement of common stock (in shares)           (14,534)              
Share-based compensation 3,747           3,747            
Cash dividends declared and paid on Common and Class B common stock (54,184)                   (54,184)    
Ending balance at Jun. 30, 2018 1,601,994         $ 21,120 817,559     (40,459) 617,666 (87,440) 273,548
Ending balance (in shares) at Jun. 30, 2018           37,367,632              
Net income 96,886                   79,163   17,723
Other comprehensive income (loss) 3,585                 2,302     1,283
Issuances of non-vested restricted shares of common stock           $ 5 (5)            
Issuances of non-vested restricted shares of common stock (in shares)           10,000              
Forfeitures of non-vested restricted shares of common stock           $ (1) 1            
Forfeitures of non-vested restricted shares of common stock (in shares)           (2,000)              
Stock issuances from exercise of stock options and employee stock purchase plan 1,299         $ 5 1,294            
Stock issuances from exercise of stock options and employee stock purchase plan (in shares)           10,835              
Retirement of common stock (1,631)         $ (5) (1,626)            
Retirement of common stock (in shares)           (9,206)              
Share-based compensation 3,671           3,671            
Cash dividends declared and paid on Common and Class B common stock (54,186)                   (54,186)    
Common stock issued 8,180         $ 24 8,156            
Common stock issued (in shares)           47,103              
Investment in unconsolidated entity 752                       752
Ending balance at Sep. 30, 2018 1,660,550         $ 21,148 829,050     (38,157) 642,643 (87,440) 293,306
Ending balance (in shares) at Sep. 30, 2018           37,424,364              
Beginning balance at Dec. 31, 2018 1,601,713         $ 21,167 832,121     (45,968) 627,969 (87,440) 253,864
Beginning balance (in shares) at Dec. 31, 2018           37,461,643              
Net income 43,804                   35,037   8,767
Other comprehensive income (loss) 4,195                 2,783     1,412
Issuances of non-vested restricted shares of common stock           $ 39 (39)            
Issuances of non-vested restricted shares of common stock (in shares)           77,049              
Forfeitures of non-vested restricted shares of common stock           $ (3) 3            
Forfeitures of non-vested restricted shares of common stock (in shares)           (5,000)              
Common stock contribution to 401(k) plan 4,274         $ 15 4,259            
Common stock contribution to 401(k) plan (in shares)           30,715              
Stock issuances from exercise of stock options and employee stock purchase plan 1,125         $ 4 1,121            
Stock issuances from exercise of stock options and employee stock purchase plan (in shares)           8,925              
Retirement of common stock (428)         $ (1) (427)            
Retirement of common stock (in shares)           (2,985)              
Share-based compensation 4,537           4,537            
Cash dividends declared and paid on Common and Class B common stock (59,965)                   (59,965)    
Ending balance at Mar. 31, 2019 1,599,255         $ 21,221 841,575     (43,185) 603,041 (87,440) 264,043
Ending balance (in shares) at Mar. 31, 2019           37,570,347              
Beginning balance at Dec. 31, 2018 1,601,713         $ 21,167 832,121     (45,968) 627,969 (87,440) 253,864
Beginning balance (in shares) at Dec. 31, 2018           37,461,643              
Net income 251,369                        
Other comprehensive income (loss) 5,924                        
Ending balance at Sep. 30, 2019 1,753,022         $ 21,485 894,917     (42,040) 656,187 (87,440) 309,913
Ending balance (in shares) at Sep. 30, 2019           38,097,236              
Beginning balance at Mar. 31, 2019 1,599,255         $ 21,221 841,575     (43,185) 603,041 (87,440) 264,043
Beginning balance (in shares) at Mar. 31, 2019           37,570,347              
Net income 107,910                   90,155   17,755
Other comprehensive income (loss) 4,652                 3,039     1,613
Issuances of non-vested restricted shares of common stock           $ 13 (13)            
Issuances of non-vested restricted shares of common stock (in shares)           26,354              
Stock issuances from exercise of stock options and employee stock purchase plan 1,951         $ 9 1,942            
Stock issuances from exercise of stock options and employee stock purchase plan (in shares)           15,807              
Retirement of common stock (555)         $ (2) (553)            
Retirement of common stock (in shares)           (3,608)              
Share-based compensation 4,324           4,324            
Cash dividends declared and paid on Common and Class B common stock (60,213)                   (60,213)    
Common stock issued     $ 7,450   $ 25       $ 7,425        
Common stock issued (in shares)         50,952                
Investment in unconsolidated entity 988                       988
Decrease in non-controlling interest in Carrier Enterprise II (32,400)           (25,768)           (6,632)
Ending balance at Jun. 30, 2019 1,633,362         $ 21,266 828,932     (40,146) 632,983 (87,440) 277,767
Ending balance (in shares) at Jun. 30, 2019           37,659,852              
Net income 99,655                   83,480   16,175
Other comprehensive income (loss) (2,923)                 (1,894)     (1,029)
Issuances of non-vested restricted shares of common stock           $ 19 (19)            
Issuances of non-vested restricted shares of common stock (in shares)           37,834              
Forfeitures of non-vested restricted shares of common stock           $ (3) 3            
Forfeitures of non-vested restricted shares of common stock (in shares)           (5,337)              
Stock issuances from exercise of stock options and employee stock purchase plan 4,529         $ 19 4,510            
Stock issuances from exercise of stock options and employee stock purchase plan (in shares)           36,374              
Retirement of common stock (669)         $ (2) (667)            
Retirement of common stock (in shares)           (4,030)              
Share-based compensation 3,706           3,706            
Cash dividends declared and paid on Common and Class B common stock (60,276)                   (60,276)    
Common stock issued   $ 58,638   $ 186       $ 58,452          
Common stock issued (in shares)       372,543                  
Investment in Peirce-Phelps, Inc. 17,000                       17,000
Ending balance at Sep. 30, 2019 $ 1,753,022         $ 21,485 $ 894,917     $ (42,040) $ 656,187 $ (87,440) $ 309,913
Ending balance (in shares) at Sep. 30, 2019           38,097,236