XML 77 R60.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Shareholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Schedule of Stockholders Equity | Activity in Shareholders’ equity for 2022, 2023, and 2024 is presented below:
(in thousands) | Class A Common Stock |  | Additional paid-in capital |  | Retained earnings |  | Accumulated items of other comprehensive income |  | Class A Treasury Stock |  | Noncontrolling Interest |  | Total Equity
| Shares |  | Amount | Shares |  | Amount
January 1, 2022 | 40,760 |  |  | $ | 41 |  |  | $ | 436,996 |  |  | $ | 863,057 |  |  | $ | (145,984) |  |  | 8,665 |  |  | $ | (280,143) |  |  | $ | 3,638 |  |  | $ | 877,605 |
Net income | — |  |  | — |  |  | — |  |  | 95,762 |  |  | — |  |  | — |  |  | — |  |  | 746 |  |  | 96,508 |
Compensation and benefits paid or payable in shares | 24 |  |  | — |  |  | 3,727 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,727 |
Options exercised | 1 |  |  | — |  |  | 17 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17 |
Shares issued to Directors' | — |  |  | — |  |  | 800 |  |  | — |  |  | — |  |  | (13) |  |  | 285 |  |  | — |  |  | 1,085 |
Purchase of Treasury shares (a) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,023 |  |  | (85,065) |  |  | — |  |  | (85,065) |
Dividends declared on Class A Common Stock, $0.88 per share | — |  |  | — |  |  | — |  |  | (27,501) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (27,501) |
Cumulative translation adjustments | — |  |  | — |  |  | — |  |  | — |  |  | (40,971) |  |  | — |  |  | — |  |  | 110 |  |  | (40,861) |
Pension and postretirement liability adjustments | — |  |  | — |  |  | — |  |  | — |  |  | (3,491) |  |  | — |  |  | — |  |  | — |  |  | (3,491) |
Settlement of certain pension liabilities | — |  |  | — |  |  | — |  |  | — |  |  | 26,198 |  |  |  |  |  |  |  |  | 26,198 |
Derivative valuation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | 19,321 |  |  | — |  |  | — |  |  | — |  |  | 19,321 |
December 31, 2022 | 40,785 |  |  | $ | 41 |  |  | $ | 441,540 |  |  | $ | 931,318 |  |  | $ | (144,927) |  |  | 9,675 |  |  | $ | (364,923) |  |  | $ | 4,494 |  |  | $ | 867,543 |
(in thousands) | Class A Common Stock |  | Additional paid-in capital |  | Retained earnings |  | Accumulated items of other comprehensive income |  | Class A Treasury Stock |  | Noncontrolling Interest |  | Total Equity
| Shares |  | Amount | Shares |  | Amount
January 1, 2023 | 40,785 |  |  | $ | 41 |  |  | $ | 441,540 |  |  | $ | 931,318 |  |  | $ | (144,927) |  |  | 9,675 |  |  | $ | (364,923) |  |  | $ | 4,494 |  |  | $ | 867,543 |
Net income | — |  |  | — |  |  | — |  |  | 111,120 |  |  | — |  |  | — |  |  | — |  |  | 490 |  |  | 111,610 |
Compensation and benefits paid or payable in shares | 71 |  |  | — |  |  | 5,851 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,851 |
Shares issued to Directors' | — |  |  | — |  |  | 827 |  |  | — |  |  | — |  |  | (13) |  |  | 258 |  |  | — |  |  | 1,085 |
Dividends declared on Class A Common Stock, $1.01 per share | — |  |  | — |  |  | — |  |  | (31,496) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (31,496) |
Initial equity related to Noncontrolling interest in Arcari | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 509 |  |  | 509 |
Cumulative translation adjustments | — |  |  | — |  |  | — |  |  | — |  |  | 21,950 |  |  | — |  |  | — |  |  | 459 |  |  | 22,409 |
Pension and postretirement liability adjustments | — |  |  | — |  |  | — |  |  | — |  |  | (1,563) |  |  | — |  |  | — |  |  | — |  |  | (1,563) |
Derivative valuation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | (8,628) |  |  | — |  |  | — |  |  | — |  |  | (8,628) |
December 31, 2023 | 40,856 |  |  | $ | 41 |  |  | $ | 448,218 |  |  | $ | 1,010,942 |  |  | $ | (133,168) |  |  | 9,662 |  |  | $ | (364,665) |  |  | $ | 5,952 |  |  | $ | 967,320 |
(in thousands) | Class A Common Stock |  | Additional paid-in capital |  | Retained earnings |  | Accumulated items of other comprehensive income |  | Class A Treasury Stock |  | Noncontrolling Interest |  | Total Equity
| Shares |  | Amount | Shares |  | Amount
January 1, 2024 | 40,856 |  |  | $ | 41 |  |  | $ | 448,218 |  |  | $ | 1,010,942 |  |  | $ | (133,168) |  |  | 9,662 |  |  | $ | (364,665) |  |  | $ | 5,952 |  |  | $ | 967,320 |
Net income | — |  |  | — |  |  | — |  |  | 87,623 |  |  | — |  |  | — |  |  | — |  |  | 432 |  |  | 88,055 |
Compensation and benefits paid or payable in shares | 51 |  |  | — |  |  | 3,812 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,812 |
Shares issued to Directors' | 10 |  |  | — |  |  | 903 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 903 |
Purchase of Treasury shares (a) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 183 |  |  | (14,545) |  |  | — |  |  | (14,545) |
Dividends declared on Class A Common Stock, $1.05 per share | — |  |  | — |  |  | — |  |  | (32,802) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (32,802) |
Dividends paid to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (166) |  |  | (166) |
Cumulative translation adjustments | — |  |  | — |  |  | — |  |  | — |  |  | (56,654) |  |  | — |  |  | — |  |  | (809) |  |  | (57,463) |
Pension and postretirement liability adjustments | — |  |  | — |  |  | — |  |  | — |  |  | 3,018 |  |  | — |  |  | — |  |  | — |  |  | 3,018 |
Derivative valuation adjustment | — |  |  | — |  |  | — |  |  | — |  |  | (9,185) |  |  | — |  |  | — |  |  | — |  |  | (9,185) |
December 31, 2024 | 40,917 |  |  | $ | 41 |  |  | $ | 452,933 |  |  | $ | 1,065,763 |  |  | $ | (195,989) |  |  | 9,845 |  |  | $ | (379,210) |  |  | $ | 5,409 |  |  | $ | 948,947 |
(a)On October 25, 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 2022, the Company repurchased 1,022,717 shares totaling $85.1 million and in 2024, the Company repurchased 182,901 shares totaling $14.5 million.

X
- 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
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration