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Shareholders' Equity | 12 Months Ended
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Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders’ Equity We currently have one class of Common Stock, Class A Common Stock, with a par value of $0.001. Each share is entitled to one vote on all matters submitted to shareholders, and will receive dividends as approved by the Board of Directors. 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. The program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company's discretion. The share repurchase program does not have an expiration date. The timing and amount of any share repurchases will be based on the Company’s liquidity, general business and market conditions, debt covenant restrictions and other factors, including alternative investment opportunities and capital structure. As of December 31, 2024, the Company has repurchased in total 1,490,904 shares for a total cost of $124.0 million. Of this, 182,901 shares were repurchased in 2024 for $14.5 million, 1,022,717 shares were purchased in 2022 for $85.1 million, and 285,286 shares were purchased in 2021 for $24.4 million. We are currently authorized to repurchase shares up to $76.0 million. 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.

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