XML 19 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Class A and Class B Common Stock
Retained Earnings
Securities
Defined Benefit Obligations
Common Class A
Common Class A
Retained Earnings
Common Class B
Common Class B
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2023   201,982,823              
Beginning balance at Dec. 31, 2023 $ 2,235,605 $ 2,121,888 $ 305,510 $ (199,625) $ 7,832        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (22,664)   (22,664)            
Other comprehensive income (loss), net of tax 181,086     181,153 (67)        
Cash dividends declared (94,992)         $ (89,999) $ (89,999) $ (4,993) $ (4,993)
Common stock issued - stock awards   16,505              
Common stock issued - stock awards 229 $ 229              
Ending balance (in shares) at Sep. 30, 2024   201,999,328              
Ending balance at Sep. 30, 2024 2,299,264 $ 2,122,117 187,854 (18,472) 7,765        
Beginning balance (in shares) at Dec. 31, 2023   201,982,823              
Beginning balance at Dec. 31, 2023 2,235,605 $ 2,121,888 305,510 (199,625) 7,832        
Ending balance (in shares) at Dec. 31, 2024   201,999,328       200,884,880   1,114,448  
Ending balance at Dec. 31, 2024 2,301,868 $ 2,122,117 239,517 (64,058) 4,292        
Beginning balance (in shares) at Jun. 30, 2024   201,999,328              
Beginning balance at Jun. 30, 2024 2,244,042 $ 2,122,117 177,906 (63,768) 7,787        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 39,944   39,944            
Other comprehensive income (loss), net of tax 45,274     45,296 (22)        
Cash dividends declared (29,996)         $ (28,419) $ (28,419) $ (1,577) $ (1,577)
Ending balance (in shares) at Sep. 30, 2024   201,999,328              
Ending balance at Sep. 30, 2024 2,299,264 $ 2,122,117 187,854 (18,472) 7,765        
Beginning balance (in shares) at Dec. 31, 2024   201,999,328       200,884,880   1,114,448  
Beginning balance at Dec. 31, 2024 2,301,868 $ 2,122,117 239,517 (64,058) 4,292        
Ending balance (in shares) at Jun. 30, 2025   202,015,832              
Ending balance at Jun. 30, 2025 2,416,617 $ 2,122,374 325,793 (35,945) 4,395        
Beginning balance (in shares) at Dec. 31, 2024   201,999,328       200,884,880   1,114,448  
Beginning balance at Dec. 31, 2024 2,301,868 $ 2,122,117 239,517 (64,058) 4,292        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 141,437                
Other comprehensive income (loss), net of tax 50,957     50,753 204        
Reclassification of liability classified awards to equity 13,643 $ 13,643              
Cash dividends declared 0         $ 0   $ 0  
Common stock issued from Merger (in shares)   19,163,904              
Common stock issued from Merger 265,803 $ 265,803              
Share-based compensation expense 785 $ 785              
Common stock issued - stock awards   39,903              
Common stock issued - stock awards (359) $ (359)              
Ending balance (in shares) at Sep. 30, 2025   221,203,135       220,088,687   1,114,448  
Ending balance at Sep. 30, 2025 2,774,134 $ 2,401,989 380,954 (13,305) 4,496        
Beginning balance (in shares) at Jun. 30, 2025   202,015,832              
Beginning balance at Jun. 30, 2025 2,416,617 $ 2,122,374 325,793 (35,945) 4,395        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 55,161   55,161            
Other comprehensive income (loss), net of tax 22,741     22,640 101        
Reclassification of liability classified awards to equity 13,643 $ 13,643              
Cash dividends declared 0         $ 0   $ 0  
Common stock issued from Merger (in shares)   19,163,904              
Common stock issued from Merger 265,803 $ 265,803              
Share-based compensation expense 785 $ 785              
Common stock issued - stock awards   23,399              
Common stock issued - stock awards (616) $ (616)              
Ending balance (in shares) at Sep. 30, 2025   221,203,135       220,088,687   1,114,448  
Ending balance at Sep. 30, 2025 $ 2,774,134 $ 2,401,989 $ 380,954 $ (13,305) $ 4,496