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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Stockholders' Equity Note [Abstract] |
Schedule of Stock by Class | The following table summarizes information about shares of the Company's common stock at December 31:
(In thousands) | 2023 |  |  |  | 2022
Common stock authorized | 75,000 |  |  |  |  | 75,000 |
Common stock issued | 28,667 |  |  |  |  | 28,519 |
Treasury stock | 3,341 |  |  |  |  | 3,341 |
Common stock outstanding | 25,326 |  |  |  |  | 25,178 |
Schedule of Dividends Declared and Paid | The table below summarizes the regular quarterly dividends declared and paid during the years ended December 31:
(In thousands, except per share data) | Per Share |  | Record Date |  | Payment Date |  | Total Paid
First Quarter 2021 | $ | 0.75 |  |  | 03/12/21 |  | 03/26/21 |  | $ | 18,939 |
Second Quarter 2021 | 0.90 |  |  | 06/04/21 |  | 06/18/21 |  | 22,739 |
Third Quarter 2021 | 0.90 |  |  | 09/03/21 |  | 09/17/21 |  | 22,747 |
Fourth Quarter 2021 | 0.90 |  |  | 12/03/21 |  | 12/17/21 |  | 22,746 |
Total 2021 | $ | 3.45 |  |  |  |  |  |  | $ | 87,171 |
First Quarter 2022 | $ | 0.90 |  |  | 03/11/22 |  | 03/25/22 |  | $ | 22,870 |
Second Quarter 2022 | 1.05 |  |  | 06/03/22 |  | 06/17/22 |  | 26,702 |
Third Quarter 2022 | 1.05 |  |  | 09/02/22 |  | 09/16/22 |  | 26,701 |
Fourth Quarter 2022 | 1.05 |  |  | 12/02/22 |  | 12/16/22 |  | 26,453 |
Total 2022 | $ | 4.05 |  |  |  |  |  |  | $ | 102,726 |
First Quarter 2023 | $ | 1.05 |  |  | 03/10/23 |  | 03/24/23 |  | $ | 26,563 |
Second Quarter 2023 | 1.05 |  |  | 06/02/23 |  | 06/16/23 |  | 26,591 |
Third Quarter 2023 | 1.05 |  |  | 09/01/23 |  | 09/15/23 |  | 26,590 |
Fourth Quarter 2023 | 1.05 |  |  | 12/01/23 |  | 12/15/23 |  | 26,592 |
Total 2023 | $ | 4.20 |  |  |  |  |  |  | $ | 106,336 |
Schedule of Stock-Based Compensation | Stock-based compensation resulted in charges to operations as follows for the years ended December 31:
(In thousands) | 2023 |  | 2022 |  | 2021
Deferred and restricted stock units | $ | 15,462 |  |  | $ | 15,594 |  |  | $ | 16,487 |
Performance stock units | 2,767 |  |  | 8,101 |  |  | 10,674 |
Stock-based compensation expense | $ | 18,229 |  |  | $ | 23,695 |  |  | $ | 27,161 |
Schedule of Deferred Stock Units Transactions | Transactions in DSUs and RSUs under the 2018 Plan are summarized as follows:
| Number of Shares |  | Weighted Average Price
Outstanding at December 31, 2020 | 335,087 |  |  | $ | 90.04 |
Issued | 4,653 |  |  | 137.62 |
Granted | 109,767 |  |  | 142.37 |
Dividend equivalents | 7,233 |  |  | 134.78 |
Forfeited | (6,696) |  |  | 114.66 |
Vested | (164,333) |  |  | 87.64 |
Outstanding at December 31, 2021 | 285,711 |  |  | $ | 110.41 |
Issued | 5,427 |  |  | 101.87 |
Granted | 162,719 |  |  | 119.84 |
Dividend equivalents | 10,871 |  |  | 103.27 |
Forfeited | (15,012) |  |  | 121.99 |
Vested | (171,942) |  |  | 96.21 |
Outstanding at December 31, 2022 | 277,774 |  |  | $ | 120.92 |
Issued | 3,244 |  |  | 119.43 |
Granted | 159,640 |  |  | 114.22 |
Dividend equivalents | 10,731 |  |  | 116.99 |
Forfeited | (23,440) |  |  | 121.16 |
Vested | (131,644) |  |  | 112.10 |
Outstanding at December 31, 2023 | 296,305 |  |  | $ | 118.60 |
Schedule of Stock Awards | Transactions in PSUs under the 2018 Plan are summarized as follows:
| Number of Shares |  | Stock Price
Outstanding at December 31, 2020 | 119,727 |  |  | $ | 89.92 |
Granted | 40,102 |  |  | 143.54 |
Dividend equivalents | 3,778 |  |  | 134.82 |
Forfeited | (1,053) |  |  | 96.55 |
Vested | (12,593) |  |  | 95.03 |
Outstanding at December 31, 2021 | 149,961 |  |  | $ | 104.01 |
Granted | 91,988 |  |  | 110.83 |
Dividend equivalents | 6,210 |  |  | 103.29 |
Forfeited | (4,840) |  |  | 78.11 |
Vested | (80,938) |  |  | 82.40 |
Outstanding at December 31, 2022 | 162,381 |  |  | $ | 120.12 |
Granted | 140,953 |  |  | 108.42 |
Dividend equivalents | 7,236 |  |  | 117.20 |
Forfeited | (3,245) |  |  | 96.55 |
Vested | (100,046) |  |  | 101.11 |
Outstanding at December 31, 2023 | 207,279 |  |  | $ | 122.57 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income (loss), net of income taxes, are as follows:
(In thousands) | Foreign currency items |  | Pension items |  |  |  | Total
Accumulated other comprehensive income (loss) at December 31, 2021 | $ | (2,401) |  |  | $ | 1,900 |  |  |  |  | $ | (501) |
Net foreign currency translation adjustment | (20,920) |  |  | — |  |  |  |  | (20,920) |
Actuarial gain on pension plans | — |  |  | 28,125 |  |  |  |  | 28,125 |
Net current-period other comprehensive income (loss) | (20,920) |  |  | 28,125 |  |  |  |  | 7,205 |
Accumulated other comprehensive income (loss) at December 31, 2022 | (23,321) |  |  | 30,025 |  |  |  |  | 6,704 |
Net foreign currency translation adjustment | 8,532 |  |  | — |  |  |  |  | 8,532 |
Actuarial loss on pension plans | — |  |  | (964) |  |  |  |  | (964) |
Net current-period other comprehensive income (loss) | 8,532 |  |  | (964) |  |  |  |  | 7,568 |
Accumulated other comprehensive income (loss) at December 31, 2023 | $ | (14,789) |  |  | $ | 29,061 |  |  |  |  | $ | 14,272 |

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