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Quarterly report pursuant to Section 13 or 15(d)

Changes in Equity (Tables)

v3.22.2.2
Changes in Equity (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract] Ìý
Schedule of Stockholders Equity
The following tables present changes in our equity for the nine months ended SeptemberÌý30, 2022 and 2021 (in thousands, except shares and per share amounts):
Common Stock Treasury Stock Additional Paid-in Capital Accum.
Other
Comp.
Inc/(Loss)
Retained Earnings Total
Equity
Shares Amount Shares Amount
For the nine months ended September 30, 2022:
Balances as of December 31, 2021
7,744,695Ìý $ 78Ìý 11,461Ìý $ (15,417) $ 28Ìý $ (1,007) $ 668,029Ìý $ 651,711Ìý
Net income —Ìý —Ìý —Ìý —Ìý —Ìý —Ìý 97,900Ìý 97,900Ìý
Dividends paid — $3.00 per share of common stock
—Ìý —Ìý —Ìý —Ìý —Ìý —Ìý (23,224) (23,224)
Share-based compensation, net of forfeitures 595Ìý —Ìý (595) 800Ìý 1,477Ìý —Ìý (796) 1,481Ìý
Periodic pension costs, net of income taxes of $2
—Ìý —Ìý —Ìý —Ìý —Ìý 8Ìý —Ìý 8Ìý
Balances as of March 31, 2022
7,745,290Ìý 78Ìý 10,866Ìý (14,617) 1,505Ìý (999) 741,909Ìý 727,876Ìý
Net income —Ìý —Ìý —Ìý —Ìý —Ìý —Ìý 118,894Ìý 118,894Ìý
Dividends paid — $3.00 per share of common stock
—Ìý —Ìý —Ìý —Ìý —Ìý —Ìý (23,188) (23,188)
Special dividends paid — $20.00 per share of common stock
—Ìý —Ìý —Ìý —Ìý —Ìý —Ìý (154,586) (154,586)
Share-based compensation, net of forfeitures 104Ìý —Ìý (104) 140Ìý 1,851Ìý —Ìý (180) 1,811Ìý
Repurchases of common stock (17,478) —Ìý 17,478Ìý (25,534) —Ìý —Ìý —Ìý (25,534)
Periodic pension costs, net of income taxes of $2
—Ìý —Ìý —Ìý —Ìý —Ìý 8Ìý —Ìý 8Ìý
Balances as of June 30, 2022
7,727,916Ìý $ 78Ìý 28,240Ìý $ (40,011) $ 3,356Ìý $ (991) $ 682,849Ìý $ 645,281Ìý
Net income —Ìý —Ìý —Ìý —Ìý —Ìý —Ìý 129,837Ìý 129,837Ìý
Dividends paid — $3.00 per share of common stock
—Ìý —Ìý —Ìý —Ìý —Ìý —Ìý (23,132) (23,132)
Share-based compensation, net of forfeitures —Ìý —Ìý —Ìý —Ìý 2,121Ìý —Ìý (30) 2,091Ìý
Repurchases of common stock (19,071) —Ìý 19,071Ìý (32,915) —Ìý —Ìý —Ìý (32,915)
Periodic pension costs, net of income taxes of $3
—Ìý —Ìý —Ìý —Ìý —Ìý 8Ìý —Ìý 8Ìý
Balances as of September 30, 2022
7,708,845Ìý $ 78Ìý 47,311Ìý $ (72,926) $ 5,477Ìý $ (983) $ 789,524Ìý $ 721,170Ìý
Sub-share Certificates Common Stock Treasury Stock Accum.
Other
Comp.
Inc/(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 share of common stock
—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
Periodic pension costs, net of income taxes of $8
—Ìý —Ìý —Ìý —Ìý —Ìý 28Ìý —Ìý —Ìý 28Ìý
Balances as of March 31, 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 share of common stock
—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)
Periodic pension costs, net of income taxes of $8
—Ìý —Ìý —Ìý —Ìý —Ìý 29Ìý —Ìý —Ìý 29Ìý
Balances as of June 30, 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 share of common stock
—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)
Periodic pension costs, net of income taxes of $8
—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