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Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of Changes in Total Common Stockholders' Equity | The Company’s changes in total equity for the six months ended June 30, 2024 and 2023 were as follows:
| Six Months Ended June 30, 2024
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Noncontrolling Interests |  | Total Equity
| Shares |  | Amount |  |  |  |  |
| (In thousands)
Balance at January 1, 2024 | 57,724 |  |  | $ | 577 |  |  | $ | 876,583 |  |  | $ | 549,573 |  |  | $ | — |  |  | $ | 3,579 |  |  | $ | 1,430,312 |
Net income | — |  |  | — |  |  | — |  |  | 69,917 |  |  | — |  |  | (227) |  |  | 69,690 |
Issuance of common stock | 55 |  |  | 1 |  |  | 1,506 |  |  | — |  |  | — |  |  | — |  |  | 1,507 |
Repurchase of common stock | (25) |  |  | — |  |  | (1,142) |  |  | — |  |  | — |  |  | — |  |  | (1,142) |
Dividends paid on common stock ($0.2800 per share) | — |  |  | — |  |  | — |  |  | (16,164) |  |  | — |  |  | — |  |  | (16,164) |
Adjustment for unrecoverable pension benefit plan costs | — |  |  | — |  |  | — |  |  | — |  |  | (13,663) |  |  | — |  |  | (13,663) |
Amounts reclassified to earnings (a) | — |  |  | — |  |  | — |  |  | — |  |  | 297 |  |  | — |  |  | 297 |
Investment in business with noncontrolling interest | — |  |  | — |  |  | (53) |  |  | — |  |  | — |  |  | 53 |  |  | — |
Balance at March 31, 2024 | 57,754 |  |  | 578 |  |  | 876,894 |  |  | 603,326 |  |  | (13,366) |  |  | 3,405 |  |  | 1,470,837 |
Net income | — |  |  | — |  |  | — |  |  | 40,551 |  |  | — |  |  | (174) |  |  | 40,377 |
Issuance of common stock | 1,073 |  |  | 10 |  |  | 52,923 |  |  | — |  |  | — |  |  | — |  |  | 52,933 |
Repurchase of common stock | (2) |  |  | — |  |  | (93) |  |  | — |  |  | — |  |  | — |  |  | (93) |
Dividends paid on common stock ($0.2800 per share) | — |  |  | — |  |  | — |  |  | (16,172) |  |  | — |  |  | — |  |  | (16,172) |
Amounts reclassified to earnings (a) | — |  |  | — |  |  | — |  |  | — |  |  | 298 |  |  | — |  |  | 298 |
Investment in business with noncontrolling interest | — |  |  | — |  |  | (348) |  |  | — |  |  | — |  |  | 348 |  |  | — |
Distribution to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (489) |  |  | (489) |
Balance at June 30, 2024 | 58,825 |  |  | $ | 588 |  |  | $ | 929,376 |  |  | $ | 627,705 |  |  | $ | (13,068) |  |  | $ | 3,090 |  |  | $ | 1,547,691 |
(a) This accumulated other comprehensive loss component is included in the computation of net periodic costs for the Company’s supplemental executive retirement plan (SERP), specifically the following components: amortization of unrecognized (gain) loss and amortization of prior service credit.
| Six Months Ended June 30, 2023
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  |  |  | Noncontrolling Interests |  | Total Equity
| Shares |  | Amount |  |  |  |  |
| (In thousands)
Balance at January 1, 2023 | 55,598 |  |  | $ | 556 |  |  | $ | 760,336 |  |  | $ | 556,698 |  |  |  |  | $ | 4,804 |  |  | $ | 1,322,394 |
Net loss | — |  |  | — |  |  | — |  |  | (22,211) |  |  |  |  | (123) |  |  | (22,334) |
Issuance of common stock | 420 |  |  | 4 |  |  | 17,380 |  |  | — |  |  |  |  | — |  |  | 17,384 |
Repurchase of common stock | (27) |  |  | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |
Dividends paid on common stock ($0.2600 per share) | — |  |  | — |  |  | — |  |  | (14,456) |  |  |  |  | — |  |  | (14,456) |
Investment in business with noncontrolling interest | — |  |  | — |  |  | (111) |  |  | — |  |  |  |  | 111 |  |  | — |
Balance at March 31, 2023 | 55,991 |  |  | 560 |  |  | 777,605 |  |  | 520,031 |  |  |  |  | 4,792 |  |  | 1,302,988 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 9,556 |  |  |  |  | (109) |  |  | 9,447 |
Issuance of common stock | 1,713 |  |  | 17 |  |  | 96,482 |  |  | — |  |  |  |  | — |  |  | 96,499 |
Repurchase of common stock | (2) |  |  | — |  |  | (108) |  |  | — |  |  |  |  | — |  |  | (108) |
Dividends paid on common stock ($0.2600 per share) | — |  |  | — |  |  | — |  |  | (14,571) |  |  |  |  | — |  |  | (14,571) |
Investment in business with noncontrolling interest | — |  |  | — |  |  | (56) |  |  | — |  |  |  |  | 56 |  |  | — |
Distribution to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  |  |  | (288) |  |  | (288) |
Balance at June 30, 2023 | 57,702 |  |  | $ | 577 |  |  | $ | 873,923 |  |  | $ | 515,016 |  |  |  |  | $ | 4,451 |  |  | $ | 1,393,967 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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