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Changes in Shareholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2024
Stockholders' Equity Note [Abstract] |
Schedule of Stockholders Equity | The following table summarizes changes in Shareholders’ Equity for the period December 31, 2023 to September 30, 2024:
| Class A Common Stock |  | Additional paid-in capital | Retained earnings | Accumulated items of other comprehensive income | Class A Treasury Stock | Noncontrolling Interest | Total Shareholders' Equity
| Shares | Amount |  |  | Shares | Amount
December 31, 2023 | 40,856 |  | $ | 41 |  |  |  | $ | 448,218 |  | $ | 1,010,942 |  | $ | (133,168) |  | 9,662 |  | $ | (364,665) |  | $ | 5,952 |  | $ | 967,320 |
Net income | — |  | — |  |  |  | — |  | 27,291 |  | — |  | — |  | — |  | 78 |  | 27,369 |
Compensation and benefits paid or payable in shares | 42 |  | — |  |  |  | 810 |  | — |  | — |  | — |  | — |  | — |  | 810 |
Dividends declared on Class A Common Stock, $0.26 per share | — |  | — |  |  |  | — |  | (8,122) |  | — |  | — |  | — |  | — |  | (8,122) |
Cumulative translation adjustments | — |  | — |  |  |  | — |  | — |  | (12,116) |  | — |  | — |  | 46 |  | (12,070) |
Pension and postretirement liability adjustments | — |  | — |  |  |  | — |  | — |  | 382 |  | — |  | — |  | — |  | 382 |
Derivative valuation adjustment | — |  | — |  |  |  | — |  | — |  | (2,124) |  | — |  | — |  | — |  | (2,124) |
March 31, 2024 | 40,898 |  | $ | 41 |  |  |  | $ | 449,028 |  | $ | 1,030,111 |  | $ | (147,026) |  | 9,662 |  | $ | (364,665) |  | $ | 6,076 |  | $ | 973,565 |
Net income | — |  | — |  |  |  | — |  | 24,624 |  | — |  | — |  | — |  | 96 |  | 24,720 |
Compensation and benefits paid or payable in shares | — |  | — |  |  |  | 2,530 |  | — |  | — |  | — |  | — |  | — |  | 2,530 |
Shares issued to Directors' | 10 |  | — |  |  | 903 |  | — |  | — |  | — |  | — |  | — |  | 903 |
Dividends declared on Class A Common Stock, $0.26 per share | — |  | — |  |  |  | — |  | (8,123) |  | — |  | — |  | — |  | — |  | (8,123) |
Cumulative translation adjustments | — |  | — |  |  |  | — |  | — |  | (17,287) |  | — |  | — |  | (366) |  | (17,653) |
Pension and postretirement liability adjustments | — |  | — |  |  |  | — |  | — |  | 246 |  | — |  | — |  | — |  | 246 |
Derivative valuation adjustment | — |  | — |  |  |  | — |  | — |  | (2,840) |  | — |  | — |  | — |  | (2,840) |
June 30, 2024 | 40,908 |  | $ | 41 |  |  |  | $ | 452,461 |  | $ | 1,046,612 |  | $ | (166,907) |  | 9,662 |  | $ | (364,665) |  | $ | 5,806 |  | $ | 973,348 |
Net income | — |  | — |  |  |  | — |  | 18,029 |  | — |  | — |  | — |  | 192 |  | 18,221 |
Compensation and benefits paid or payable in shares | 9 |  | — |  |  |  | 195 |  | — |  | — |  | — |  | — |  | — |  | 195 |
Dividends declared on Class A Common Stock, $0.26 per share | — |  | — |  |  |  | — |  | (8,127) |  | — |  | — |  | — |  | — |  | (8,127) |
Dividends paid to noncontrolling interests | — |  | — |  |  |  | — |  | — |  | — |  | — |  | — |  | (166) |  | (166) |
Cumulative translation adjustments | — |  | — |  |  |  | — |  | — |  | 16,931 |  | — |  | — |  | (153) |  | 16,778 |
Pension and postretirement liability adjustments | — |  | — |  |  |  | — |  | — |  | (623) |  | — |  | — |  | — |  | (623) |
Derivative valuation adjustment | — |  | — |  |  |  | — |  | — |  | (2,950) |  | — |  | — |  | — |  | (2,950) |
September 30, 2024 | 40,917 |  | $ | 41 |  |  |  | $ | 452,656 |  | $ | 1,056,514 |  | $ | (153,549) |  | 9,662 |  | $ | (364,665) |  | $ | 5,679 |  | $ | 996,676 |
The following table summarizes changes in Shareholders’ Equity for the period December 31, 2022 to September 30, 2023:
| Class A Common Stock |  | Additional paid-in capital | Retained earnings | Accumulated items of other comprehensive income | Class A Treasury Stock | Noncontrolling Interest | Total Shareholders' Equity
(in thousands) | Shares | Amount |  |  | Shares | Amount
December 31, 2022 | 40,785 |  | $ | 41 |  |  |  | $ | 441,540 |  | $ | 931,318 |  | $ | (144,927) |  | 9,675 |  | $ | (364,923) |  | $ | 4,494 |  | $ | 867,543 |
Net income | — |  | — |  |  |  | — |  | 26,889 |  | — |  | — |  | — |  | 197 |  | 27,086 |
Compensation and benefits paid or payable in shares | 58 |  | — |  |  |  | 378 |  | — |  | — |  | — |  | — |  | — |  | 378 |
Dividends declared on Class A Common Stock, $0.25 per share | — |  | — |  |  |  | — |  | (7,792) |  | — |  | — |  | — |  | — |  | (7,792) |
Cumulative translation adjustments | — |  | — |  |  |  | — |  | — |  | 13,881 |  | — |  | — |  | 238 |  | 14,119 |
Pension and postretirement liability adjustments | — |  | — |  |  |  | — |  | — |  | (916) |  | — |  | — |  | — |  | (916) |
Derivative valuation adjustment | — |  | — |  |  |  | — |  | — |  | (2,902) |  | — |  | — |  | — |  | (2,902) |
March 31, 2023 | 40,842 |  | $ | 41 |  |  |  | $ | 441,917 |  | $ | 950,415 |  | $ | (134,864) |  | 9,675 |  | $ | (364,923) |  | $ | 4,929 |  | $ | 897,515 |
Net income | — |  | — |  |  |  | — |  | 26,672 |  | — |  | — |  | — |  | 154 |  | 26,826 |
Compensation and benefits paid or payable in shares | — |  | — |  |  |  | 811 |  | — |  | — |  | — |  | — |  | — |  | 811 |
Shares issued to Directors' | — |  | — |  |  |  | 828 |  | — |  | — |  | (12) |  | 258 |  | — |  | 1,086 |
Dividends declared on Class A Common Stock, $0.25 per share | — |  | — |  |  |  | — |  | (7,795) |  | — |  | — |  | — |  | — |  | (7,795) |
Cumulative translation adjustments | — |  | — |  |  |  | — |  | — |  | (2,568) |  | — |  | — |  | 179 |  | (2,389) |
Pension and postretirement liability adjustments | — |  | — |  |  |  | — |  | — |  | (724) |  | — |  | — |  | — |  | (724) |
Derivative valuation adjustment | — |  | — |  |  |  | — |  | — |  | 389 |  | — |  | — |  | — |  | 389 |
June 30, 2023 | 40,842 |  | $ | 41 |  |  |  | $ | 443,556 |  | $ | 969,292 |  | $ | (137,767) |  | 9,663 |  | $ | (364,665) |  | $ | 5,262 |  | $ | 915,719 |
Net income | — |  | — |  |  |  | — |  | 27,109 |  | — |  | — |  | — |  | 45 |  | 27,154 |
Compensation and benefits paid or payable in shares | 15 |  | — |  |  |  | 2,914 |  | — |  | — |  | (1) |  | — |  | — |  | 2,914 |
Dividends declared on Class A Common Stock, $0.25 per share | — |  | — |  |  |  | — |  | (7,799) |  | — |  | — |  | — |  | — |  | (7,799) |
Initial equity related to Noncontrolling interest in Arcari | — |  | — |  |  |  | — |  | — |  | — |  | — |  | — |  | 1,632 |  | 1,632 |
Cumulative translation adjustments | — |  | — |  |  |  | — |  | — |  | (15,639) |  | — |  | — |  | (145) |  | (15,784) |
Pension and postretirement liability adjustments | — |  | — |  |  |  | — |  | — |  | 34 |  | — |  | — |  | — |  | 34 |
Derivative valuation adjustment | — |  | — |  |  |  | — |  | — |  | (2,237) |  | — |  | — |  | — |  | (2,237) |
September 30, 2023 | 40,857 |  | $ | 41 |  |  |  | $ | 446,470 |  | $ | 988,602 |  | $ | (155,609) |  | 9,662 |  | $ | (364,665) |  | $ | 6,794 |  | $ | 921,633 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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