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Changes in Shareholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2022
Stockholders' Equity Note [Abstract] |
Schedule of Stockholders Equity | The following table summarizes changes in Shareholders’ Equity for the period December 31, 2021 to March 31, 2022:
| Class A Common Stock | Class B Common Stock | Additional paid-in capital | Retained earnings | Accumulated items of other comprehensive income | Class A Treasury Stock | Noncontrolling Interest | Total Equity
(in thousands) | Shares | Amount | Shares | Amount | Shares | Amount
December 31, 2021 | 40,760 |  | $ | 41 |  | — |  | $ | — |  | $ | 436,996 |  | $ | 863,057 |  | $ | (145,984) |  | 8,665 |  | $ | (280,143) |  | $ | 3,638 |  | $ | 877,605 |
Net income | — |  | — |  | — |  | — |  | — |  | 27,737 |  | — |  | — |  | — |  | 338 |  | 28,075 |
Compensation and benefits paid or payable in shares | 21 |  | — |  | — |  | — | 745 |  | — |  | — |  | — |  | — |  | — |  | 745 |
Options exercised | — |  | — |  | — |  | — |  | 7 |  | — |  | — |  | — |  | — |  | — |  | 7 |
Shares issued to Directors' | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Purchase of Treasury shares (a) | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 515 |  | (43,937) |  | — |  | (43,937) |
Dividends declared |  |  |  |  |  |  |  |  |  |  |
Class A Common Stock, $0.21 per share | — |  | — |  | — |  | — |  | — |  | (6,661) |  | — |  | — |  | — |  | — |  | (6,661) |
Class B Common Stock, $0.21 per share | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Cumulative translation adjustments | — |  | — |  | — |  | — |  | — |  | — |  | (1,730) |  | — |  | — |  | 56 |  | (1,674) |
Pension and postretirement liability adjustments | — |  | — |  | — |  | — |  | — |  | — |  | 74 |  | — |  | — |  | — |  | 74 |
Derivative valuation adjustment | — |  | — |  | — |  | — |  | — |  | — |  | 10,018 |  | — |  | — |  | — |  | 10,018 |
March 31, 2022 | 40,781 |  | $ | 41 |  | — |  | $ | — |  | $ | 437,748 |  | $ | 884,133 |  | $ | (137,622) |  | 9,180 |  | $ | (324,080) |  | $ | 4,032 |  | $ | 864,252 |
The following table summarizes changes in Shareholders’ Equity for the period December 31, 2020 to March 31, 2021:
| Class A Common Stock | Class B Common Stock | Additional paid-in capital | Retained earnings | Accumulated items of other comprehensive income | Class A Treasury Stock | Noncontrolling Interest | Total Equity
(in thousands) | Shares | Amount | Shares | Amount | Shares | Amount
December 31, 2020 | 39,115 |  | $ | 39 |  | 1,618 |  | $ | 2 |  | $ | 433,696 |  | $ | 770,746 |  | $ | (132,408) |  | 8,391 |  | $ | (256,009) |  | $ | 3,799 |  | $ | 819,865 |
Net income | — |  | — |  | — |  | — |  | — |  | 27,582 |  | — |  | — |  | — |  | 27 |  | 27,609 |
Compensation and benefits paid or payable in shares | 20 |  | — |  | — |  | — | (13) |  | — |  | — |  | — |  | — |  | — |  | (13) |
Options exercised | 6 |  |  |  | — |  | 128 |  | — |  | — |  | — |  | — |  | — |  | 128 |
Shares issued to Directors' | — |  | — | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Dividends declared |  |  |  |  |  |  |  |  |  |  |
Class A Common Stock, $0.20 per share | — |  | — |  | — |  | — |  | — |  | (6,150) |  | — |  | — |  | — |  | — |  | (6,150) |
Class B Common Stock, $0.20 per share | — |  | — |  | — |  | — |  | — |  | (324) |  | — |  | — |  | — |  | — |  | (324) |
Cumulative translation adjustments | — |  | — |  | — |  | — |  | — |  | — |  | (15,955) |  | — |  | — |  | (210) |  | (16,165) |
Pension and postretirement liability adjustments | — |  | — |  | — |  | — |  | — |  | — |  | 509 |  | — |  | — |  | — |  | 509 |
Derivative valuation adjustment | — |  | — |  | — |  | — |  | — |  | — |  | 752 |  | — |  | — |  | — |  | 752 |
March 31, 2021 | 39,141 |  | $ | 39 |  | 1,618 |  | $ | 2 |  | $ | 433,811 |  | $ | 791,854 |  | $ | (147,102) |  | 8,391 |  | $ | (256,009) |  | $ | 3,616 |  | $ | 826,211 |
(a)In October 2021, the Company's Board of Directors authorized the Company to repurchase shares of up to $200 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts. In 2021, the Company repurchased 285,286 shares totaling $24.4 million. During the three months period ending March 31, 2022, the Company repurchased 514,686 shares totaling $43.9 million.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644 + Details
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