Equity (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Changes in Total Common Stockholders' Equity

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.