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Note 11 - Shareholders' Equity

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

11 – Shareholders’ Equity

The Company declared and paid a $0.12 per common share cash dividend in the first quarter and the second quarter of 2019. Future dividends are subject to declaration by the Company’s Board of Directors.

		Common Stock																								Accumulated
		Shares Outstanding								$0.01 Par				Additional Paid-In				Treasury				Retained				Other Comprehensive
(in thousands)		Class A				Class B				Value				Capital				Stock				Earnings				Income				Total
Balance, December 31, 2018			28,710				8,290			$	458			$	370,025			$	(245,842	)		$	942,287			$	-			$	1,066,928
Stock options exercised and stock awards			59				–				1				1,230				–				–				–				1,231
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan			–				–				–				8,836				–				–				–				8,836
Vesting of restricted share awards			–				226				2				(2,317	)			–				–				–				(2,315	)
Issuance of common stock under employee stock purchase plan			57				–				1				1,680				–				–				–				1,681
Common stock repurchases			(639	)			(53	)			–				–				(26,048	)			–				–				(26,048	)
Dividend Class A common stock			–				–				–				–				–				(3,389	)			–				(3,389	)
Dividend Class B common stock			–				–				–				–				–				(991	)			–				(991	)
Other comprehensive income			–				–				–				–				–				–				384				384
Net income			–				–				–				–				–				37,104				–				37,104
Balance, March 31, 2019			28,187				8,463			$	462			$	379,454			$	(271,890	)		$	975,011			$	384			$	1,083,421
Stock options exercised and stock awards			87				–				–				1,745				–				–				–				1,745
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan			–				–				–				4,258				–				–				–				4,258
Vesting of restricted share awards			–				–				–				(517	)			–				–				–				(517	)
Issuance of common stock under employee stock purchase plan			–				–				–				–				–				–				–				–
Common stock repurchases			(251	)			(67	)			–				–				(12,062	)			–				–				(12,062	)
Dividend Class A common stock			–				–				–				–				–				(3,387	)			–				(3,387	)
Dividend Class B common stock			–				–				–				–				–				(1,050	)			–				(1,050	)
Other comprehensive income			–				–				–				–				–				–				(505	)			(505	)
Net income			–				–				–				–				–				41,621				–				41,621
Balance, June 30, 2019			28,023				8,396			$	462			$	384,940			$	(283,952	)		$	1,012,195			$	(121	)		$	1,113,524

		Common Stock
		Shares Outstanding								$0.01 Par				Additional Paid-In				Treasury				Retained
(in thousands)		Class A				Class B				Value				Capital				Stock				Earnings				Total
Balance, December 31, 2017			31,345				8,469			$	454			$	348,044			$	(120,682	)		$	812,557			$	1,040,373
Stock options exercised and stock awards			30				–				–				766				–				–				766
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan			–				–				–				7,893				–				–				7,893
Vesting of restricted share awards			1				226				2				(1,621	)			–				–				(1,619	)
Issuance of common stock under employee stock purchase plan			41				–				1				1,353				–				–				1,354
Common stock repurchases			(834	)			(72	)			–				–				(38,137	)			–				(38,137	)
Net income			–				–				–				–				–				21,039				21,039
Balance, March 31, 2018			30,583				8,623			$	457			$	356,435			$	(158,819	)		$	833,596			$	1,031,669
Stock options exercised and stock awards			64				–				–				1,184				–				–				1,184
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan			–				–				–				5,949				–				–				5,949
Vesting of restricted share awards			–				1				–				(128	)			–				–				(128	)
Common stock repurchases			–				(194	)			–				–				(7,985	)			–				(7,985	)
Net income			–				–				–				–				–				29,389				29,389
Balance, June 30, 2018			30,647				8,430			$	457			$	363,440			$	(166,804	)		$	862,985			$	1,060,078

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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