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Equity | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Equity | Equity On April 29, 2022, the Company entered into an equity distribution agreement to sell shares of its common stock having an aggregate gross sales price of up to $350.0 million from time to time depending on market conditions through an at-the-market equity program over the succeeding three years. The Company intends to use the net proceeds from these sales, after deducting commissions and offering expenses, for general corporate purposes, which may include working capital, construction and acquisition expenditures, investments and repurchases, and redemptions of securities. During the three months ended March 31, 2025 and 2024, the Company did not utilize the at-the-market equity program. The Company’s changes in total equity for the three months ended March 31, 2025 and 2024 were as follows:
| Three Months Ended March 31, 2025
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Noncontrolling Interest |  | Total Equity
| Shares |  | Amount |  |  |  |  |
| (In thousands)
Balance at January 1, 2025 | 59,484 |  |  | $ | 595 |  |  | $ | 966,975 |  |  | $ | 674,918 |  |  | $ | (7,217) |  |  | $ | 3,015 |  |  | $ | 1,638,286 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 13,331 |  |  | — |  |  | (129) |  |  | 13,202 |
Issuance of common stock | 110 |  |  | 1 |  |  | 2,133 |  |  | — |  |  | — |  |  | — |  |  | 2,134 |
Repurchase of common stock | (24) |  |  | — |  |  | (1,109) |  |  | — |  |  | — |  |  | — |  |  | (1,109) |
Dividends paid on common stock ($0.34 per share) | — |  |  | — |  |  | — |  |  | (20,226) |  |  | — |  |  | — |  |  | (20,226) |
Other comprehensive income, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | 154 |  |  | — |  |  | 154 |
Investment in business with noncontrolling interest | — |  |  | — |  |  | (310) |  |  | — |  |  | — |  |  | 310 |  |  | — |
Distribution to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (452) |  |  | (452) |
Balance at March 31, 2025 | 59,570 |  |  | $ | 596 |  |  | $ | 967,689 |  |  | $ | 668,023 |  |  | $ | (7,063) |  |  | $ | 2,744 |  |  | $ | 1,631,989 |
| Three Months Ended March 31, 2024
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Income |  | Noncontrolling Interest |  | 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 (loss) | — |  |  | — |  |  | — |  |  | 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 ($0.28 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 |
(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.

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