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Quarterly report pursuant to Section 13 or 15(d)

Changes in Equity (Tables)

v3.21.2
Changes in Equity (Tables)
 9 Months Ended
Sep. 30, 2021
Equity [Abstract] Ìý
Schedule of Stockholders Equity
The following tables present changes in our equity for the nine months ended September 30, 2021 and 2020 (in thousands, except shares and per share amounts):

Sub-share Certificates Common Stock Treasury Stock Accum. Other Comp. Loss Retained Earnings Net Proceeds from All Sources Total Equity
Shares Shares Amount Shares Amount
For the nine months ended September 30, 2021:
Balances as of December 31, 2020
 7,756,156Ìý —Ìý $ —Ìý —Ìý $ —Ìý $ (2,693) $ —Ìý $ 487,877Ìý $ 485,184Ìý
Net income —Ìý —Ìý —Ìý —Ìý —Ìý —Ìý 50,052Ìý —Ìý 50,052Ìý
Dividends paid ($2.75 per common share)
 —Ìý —Ìý —Ìý —Ìý —Ìý —Ìý (21,329) —Ìý (21,329)
Conversion of Sub-shares into shares of common stock (7,756,156) 7,756,156Ìý 78Ìý —Ìý —Ìý —Ìý 487,799Ìý (487,877) —Ìý
Other comprehensive income —Ìý —Ìý —Ìý —Ìý —Ìý 28Ìý —Ìý —Ìý 28Ìý
Balances as of MarchÌý31, 2021
 —Ìý 7,756,156Ìý $ 78Ìý —Ìý $ —Ìý $ (2,665) $ 516,522Ìý $ —Ìý $ 513,935Ìý
Net income —Ìý —Ìý —Ìý —Ìý —Ìý —Ìý 57,046Ìý —Ìý 57,046Ìý
Dividends paid ($2.75 per common share)
 —Ìý —Ìý —Ìý —Ìý —Ìý —Ìý (21,329) —Ìý (21,329)
Repurchases of common stock —Ìý (1,633) —Ìý 1,633Ìý (2,504) —Ìý —Ìý —Ìý (2,504)
Other comprehensive income —Ìý —Ìý —Ìý —Ìý —Ìý 29Ìý —Ìý —Ìý 29Ìý
Balances as of JuneÌý30, 2021
 —Ìý 7,754,523Ìý $ 78Ìý 1,633Ìý $ (2,504) $ (2,636) $ 552,239Ìý $ —Ìý $ 547,177Ìý
Net income —Ìý —Ìý —Ìý —Ìý —Ìý —Ìý 83,837Ìý —Ìý 83,837Ìý
Dividends paid ($2.75 per common share)
 —Ìý —Ìý —Ìý —Ìý —Ìý —Ìý (21,312) —Ìý (21,312)
Repurchases of common stock —Ìý (6,179) —Ìý 6,179Ìý (8,689) —Ìý —Ìý —Ìý (8,689)
Other comprehensive income —Ìý —Ìý —Ìý —Ìý —Ìý 29Ìý —Ìý —Ìý 29Ìý
Balances as of September 30, 2021
 —Ìý 7,748,344Ìý $ 78Ìý 7,812Ìý $ (11,193) $ (2,607) $ 614,764Ìý $ —Ìý $ 601,042Ìý

Sub-share Certificates Accum. Other Comp. Loss Net Proceeds from All Sources Total Capital
For the nine months ended September 30, 2020:
Balances as of December 31, 2019
 7,756,156Ìý $ (1,461) $ 513,598Ìý $ 512,137Ìý
Net income —Ìý —Ìý 57,401Ìý 57,401Ìý
Dividends paid ($16.00 per Sub-share)
 —Ìý —Ìý (124,098) (124,098)
Cumulative effect of accounting change —Ìý —Ìý (111) (111)
Other comprehensive income —Ìý 14Ìý —Ìý 14Ìý
Balances as of MarchÌý31, 2020
 7,756,156Ìý $ (1,447) $ 446,790Ìý $ 445,343Ìý
Net income —Ìý —Ìý 27,583Ìý 27,583Ìý
Cumulative effect of accounting change —Ìý —Ìý —Ìý —Ìý
Other comprehensive income —Ìý 13Ìý —Ìý 13Ìý
Balances as of JuneÌý30, 2020
 7,756,156Ìý $ (1,434) $ 474,373Ìý $ 472,939Ìý
Net income —Ìý —Ìý 46,275Ìý 46,275Ìý
Cumulative effect of accounting change —Ìý —Ìý —Ìý —Ìý
Other comprehensive income —Ìý 13Ìý —Ìý 13Ìý
Balances as of September 30, 2020
 7,756,156Ìý $ (1,421) $ 520,648Ìý $ 519,227Ìý