| Schedule of Stockholders Equity |
The following tables present changes in our equity for the six months ended June 30, 2021 and 2020 (in thousands, except shares and per share amounts):
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Sub-share Certificates |
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Common Stock |
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Treasury Stock |
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Accum. Other Comp. Loss |
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Retained Earnings |
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Net Proceeds from All Sources |
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Total Equity |
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Shares |
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Shares |
Amount |
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Shares |
Amount |
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For the six months ended June 30, 2021: |
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Balances as of December 31, 2020 |
7,756,156 |
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— |
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$ |
— |
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— |
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$ |
— |
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$ |
(2,693) |
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$ |
— |
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$ |
487,877 |
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$ |
485,184 |
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| Net income |
— |
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— |
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— |
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— |
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— |
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— |
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50,052 |
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— |
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50,052 |
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Dividends paid ($2.75 per common share) |
— |
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— |
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— |
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— |
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— |
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— |
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(21,329) |
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— |
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(21,329) |
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| Conversion of Sub-shares into shares of common stock |
(7,756,156) |
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7,756,156 |
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78 |
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— |
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— |
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— |
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487,799 |
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(487,877) |
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— |
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| Other comprehensive income |
— |
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— |
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— |
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— |
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— |
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28 |
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— |
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— |
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28 |
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Balances as of March 31, 2021 |
— |
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7,756,156 |
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$ |
78 |
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— |
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$ |
— |
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$ |
(2,665) |
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$ |
516,522 |
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$ |
— |
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$ |
513,935 |
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| Net income |
— |
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— |
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— |
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— |
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— |
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— |
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57,046 |
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— |
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57,046 |
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Dividends paid ($2.75 per common share) |
— |
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— |
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— |
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— |
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— |
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— |
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(21,329) |
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— |
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(21,329) |
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| Repurchases of common stock |
— |
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(1,633) |
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— |
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1,633 |
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(2,504) |
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— |
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— |
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— |
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(2,504) |
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| Other comprehensive income |
— |
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— |
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— |
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— |
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— |
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29 |
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— |
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— |
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29 |
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Balances as of June 30, 2021 |
— |
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7,754,523 |
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$ |
78 |
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1,633 |
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$ |
(2,504) |
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$ |
(2,636) |
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$ |
552,239 |
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$ |
— |
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$ |
547,177 |
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Sub-share Certificates |
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Accum. Other Comp. Loss |
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Net Proceeds from All Sources |
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Total Capital |
For the six months ended June 30, 2020: |
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Balances as of December 31, 2019 |
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7,756,156 |
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$ |
(1,461) |
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$ |
513,598 |
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$ |
512,137 |
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| Net income |
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— |
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— |
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57,401 |
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57,401 |
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Dividends paid ($16.00 per Sub-share) |
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— |
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— |
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(124,098) |
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(124,098) |
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| Cumulative effect of accounting change |
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— |
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— |
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(111) |
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|
(111) |
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| Other comprehensive income |
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— |
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14 |
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— |
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14 |
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Balances as of March 31, 2020 |
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7,756,156 |
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$ |
(1,447) |
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$ |
446,790 |
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$ |
445,343 |
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| Net income |
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— |
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— |
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27,583 |
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27,583 |
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| Cumulative effect of accounting change |
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— |
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— |
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— |
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— |
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| Other comprehensive income |
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— |
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13 |
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— |
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|
13 |
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Balances as of June 30, 2020 |
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7,756,156 |
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$ |
(1,434) |
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$ |
474,373 |
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$ |
472,939 |
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