| Schedule of Stockholders Equity |
The following tables present changes in our equity for the six months ended June 30, 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 six months ended June 30, 2022: |
|
|
|
|
|
|
|
|
|
|
|
|
Balances as of December 31, 2021 |
7,744,695 |
|
|
$ |
78 |
|
|
11,461 |
|
|
$ |
(15,417) |
|
|
$ |
28 |
|
|
$ |
(1,007) |
|
|
$ |
668,029 |
|
|
$ |
651,711 |
|
| Net income |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
97,900 |
|
|
97,900 |
|
Dividends paid — $3.00 per share of common stock |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(23,224) |
|
|
(23,224) |
|
| Share-based compensation, net of forfeitures |
595 |
|
|
— |
|
|
(595) |
|
|
800 |
|
|
1,477 |
|
|
— |
|
|
(796) |
|
|
1,481 |
|
Periodic pension costs, net of income taxes of $2 |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
8 |
|
|
— |
|
|
8 |
|
Balances as of March 31, 2022 |
7,745,290 |
|
|
78 |
|
|
10,866 |
|
|
(14,617) |
|
|
1,505 |
|
|
(999) |
|
|
741,909 |
|
|
727,876 |
|
| Net income |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
118,894 |
|
|
118,894 |
|
Dividends paid — $3.00 per share of common stock |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(23,188) |
|
|
(23,188) |
|
Special dividends paid — $20.00 per share of common stock |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(154,586) |
|
|
(154,586) |
|
| Share-based compensation, net of forfeitures |
104 |
|
|
— |
|
|
(104) |
|
|
140 |
|
|
1,851 |
|
|
— |
|
|
(180) |
|
|
1,811 |
|
| Repurchases of common stock |
(17,478) |
|
|
— |
|
|
17,478 |
|
|
(25,534) |
|
|
— |
|
|
— |
|
|
— |
|
|
(25,534) |
|
Periodic pension costs, net of income taxes of $2 |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
8 |
|
|
— |
|
|
8 |
|
Balances as of June 30, 2022 |
7,727,916 |
|
|
$ |
78 |
|
|
28,240 |
|
|
$ |
(40,011) |
|
|
$ |
3,356 |
|
|
$ |
(991) |
|
|
$ |
682,849 |
|
|
$ |
645,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 six months ended June 30, 2021: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances as of December 31, 2020 |
7,756,156 |
|
|
— |
|
|
$ |
— |
|
|
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(2,693) |
|
|
$ |
— |
|
|
$ |
487,877 |
|
|
$ |
485,184 |
|
| Net income |
— |
|
|
— |
|
|
— |
|
|
|
|
— |
|
|
— |
|
|
— |
|
|
50,052 |
|
|
— |
|
|
50,052 |
|
Dividends paid — $2.75 per share of common stock |
— |
|
|
— |
|
|
— |
|
|
|
|
— |
|
|
— |
|
|
— |
|
|
(21,329) |
|
|
— |
|
|
(21,329) |
|
| Conversion of Sub-shares into shares of common stock |
(7,756,156) |
|
|
7,756,156 |
|
|
78 |
|
|
|
|
— |
|
|
— |
|
|
— |
|
|
487,799 |
|
|
(487,877) |
|
|
— |
|
Periodic pension costs, net of income taxes of $8 |
— |
|
|
— |
|
|
— |
|
|
|
|
— |
|
|
— |
|
|
28 |
|
|
— |
|
|
— |
|
|
28 |
|
Balances as of March 31, 2021 |
— |
|
|
7,756,156 |
|
|
78 |
|
|
|
|
— |
|
|
— |
|
|
(2,665) |
|
|
516,522 |
|
|
— |
|
|
513,935 |
|
| Net income |
— |
|
|
— |
|
|
— |
|
|
|
|
— |
|
|
— |
|
|
— |
|
|
57,046 |
|
|
— |
|
|
57,046 |
|
Dividends paid — $2.75 per share of common stock |
— |
|
|
— |
|
|
— |
|
|
|
|
— |
|
|
— |
|
|
— |
|
|
(21,329) |
|
|
— |
|
|
(21,329) |
|
| Repurchases of common stock |
— |
|
|
(1,633) |
|
|
— |
|
|
|
|
1,633 |
|
|
(2,504) |
|
|
— |
|
|
— |
|
|
— |
|
|
(2,504) |
|
Periodic pension costs, net of income taxes of $8 |
— |
|
|
— |
|
|
— |
|
|
|
|
— |
|
|
— |
|
|
29 |
|
|
— |
|
|
— |
|
|
29 |
|
Balances as of June 30, 2021 |
— |
|
|
7,754,523 |
|
|
$ |
78 |
|
|
|
|
1,633 |
|
|
$ |
(2,504) |
|
|
$ |
(2,636) |
|
|
$ |
552,239 |
|
|
$ |
— |
|
|
$ |
547,177 |
|
|