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SHARE CAPITAL AND CAPITAL IN EXCESS OF PAR VALUE | 12 Months Ended
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Dec. 31, 2023
SHARE CAPITAL AND CAPITAL IN EXCESS OF PAR VALUE |
SHARE CAPITAL AND CAPITAL IN EXCESS OF PAR VALUE | NOTE 5—SHARE CAPITAL AND CAPITAL IN EXCESS OF PAR VALUE: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Capital in |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Class B | ​ | ​ | ​ | ​ | ​ | ​ | Excess |
​ | ​ | Common Stock | ​ | Common Stock | ​ | Treasury Stock | ​ | of Par |
​ |  | Shares |  | Amount |  | Shares |  | Amount |  | Shares |  | Amount |  | Value |
​ | ​ | (000’s) | ​ | ​ | ​ | ​ | (000’s) | ​ | ​ | ​ | ​ | (000’s) | ​ | ​ | ​ | ​ | ​ | ​ |
Balance at December 31, 2020 |  | 39,073 | ​ | $ | 27,134 |  | 27,012 | ​ | $ | 18,758 |  | 93 | ​ | $ | (1,992) | ​ | $ | 706,930 | ​
Issuance of 3% stock dividend |  | 1,163 | ​ |  | 807 |  | 810 | ​ |  | 562 |  | 3 | ​ |  | — | ​ |  | 32,495 | ​
Conversion of Class B common shares to common shares |  | 29 | ​ |  | 20 |  | (29) | ​ |  | (20) |  | — | ​ |  | — | ​ |  | — | ​
Purchase and retirement of common shares |  | (921) | ​ |  | (639) |  | — | ​ |  | — |  | — | ​ |  | — | ​ |  | (29,545) | ​
Balance at December 31, 2021 |  | 39,344 | ​ |  | 27,322 |  | 27,793 | ​ |  | 19,300 |  | 96 | ​ |  | (1,992) | ​ |  | 709,880 | ​
Issuance of 3% stock dividend |  | 1,176 | ​ |  | 817 |  | 833 | ​ |  | 579 |  | 3 | ​ |  | — | ​ |  | 41,068 | ​
Conversion of Class B common shares to common shares |  | 19 | ​ |  | 13 |  | (19) | ​ |  | (13) |  | — | ​ |  | — | ​ |  | — | ​
Purchase and retirement of common shares |  | (818) | ​ |  | (568) |  | — | ​ |  | — |  | — | ​ |  | — | ​ |  | (31,342) | ​
Balance at December 31, 2022 |  | 39,721 | ​ | ​ | 27,584 |  | 28,607 | ​ | ​ | 19,866 |  | 99 | ​ | ​ | (1,992) | ​ | ​ | 719,606 | ​
Issuance of 3% stock dividend |  | 1,185 | ​ |  | 823 |  | 858 | ​ |  | 596 |  | 3 | ​ |  | — | ​ |  | 50,649 | ​
Conversion of Class B common shares to common shares |  | 20 | ​ |  | 14 |  | (20) | ​ |  | (14) |  | — | ​ |  | — | ​ |  | — | ​
Purchase and retirement of common shares |  | (927) | ​ |  | (644) |  | — | ​ |  | — |  | — | ​ |  | — | ​ |  | (32,802) | ​
Balance at December 31, 2023 |  | 39,999 | ​ | $ | 27,777 |  | 29,445 | ​ | $ | 20,448 |  | 102 | ​ | $ | (1,992) | ​ | $ | 737,453 | ​
​ Average shares outstanding and all per share amounts included in the financial statements and notes thereto have been adjusted retroactively to reflect annual three percent stock dividends. ​ While the Company does not have a formal or publicly announced Company common stock purchase program, the Company’s board of directors periodically authorizes a dollar amount for such share purchases. ​ Based upon this policy, shares were purchased and retired as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Total Number of Shares |  | ​ | ​ |
Year | ​ | Purchased (000’s) | ​ | Average Price Paid Per Share |
2023 |  | 928 | ​ | $ | 35.66 | ​
2022 |  | 818 | ​ | $ | 38.98 | ​
2021 |  | 921 | ​ | $ | 32.76 | ​
​

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- Definition Disclosure related to accounts comprising shareholders' equity. Includes: (1) balances of common stock, treasury stock and capital in excess of par value; (2) amount and nature of changes in separate accounts, including issuance of stock dividends and purchases, retirements and conversions of common stock. + References No definition available. + Details
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