v3.25.1
Changes in Shareholders' Equity
 3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Changes in Shareholders’ Equity Changes in Shareholders’ Equity
The following table summarizes changes in Shareholders’ Equity for the period December 31, 2024 to March 31, 2025:
Class A
Common Stock
Additional paid-in capital
Retained 
earnings
Accumulated items of other comprehensive income
Class A
Treasury Stock
Noncontrolling Interest
Total Shareholders' Equity
 
Shares
Amount
Shares
Amount
December 31, 202440,917 $41 $452,933 $1,065,763 $(195,989)9,845 $(379,210)$5,409 $948,947 
Net income— — — 17,355 — — — (6)17,349 
Compensation and benefits paid or payable in shares56 — 2,651 — — — — — 2,651 
Purchase of Treasury shares (a)— — — — — 925 (69,153)— (69,153)
Dividends declared on Class A Common Stock, $0.27 per share
— — — (8,262)— — — — (8,262)
Dividends paid to noncontrolling interests
— — — — — — — (88)(88)
Cumulative translation adjustments— — — — 17,136 — — (122)17,014 
Pension and postretirement liability adjustments— — — — (2,662)— — — (2,662)
Derivative valuation adjustment and other
— — — 7 (635)— — — (628)
March 31, 202540,973 $41 $455,584 $1,074,863 $(182,150)10,770 $(448,363)$5,193 $905,168 

The following table summarizes changes in Shareholders’ Equity for the period December 31, 2023 to March 31, 2024:
Class A
Common Stock
Additional paid-in capital
Retained 
earnings
Accumulated items of other comprehensive income
Class A
Treasury Stock
Noncontrolling Interest
Total 
Shareholders' Equity
(in thousands)
Shares
Amount
Shares
Amount
December 31, 202340,856 $41 $448,218 $1,010,942 $(133,168)9,662 $(364,665)$5,952 $967,320 
Net income— — — 27,291 — — — 78 27,369 
Compensation and benefits paid or payable in shares42 — 810 — — — — — 810 
Dividends declared on Class A Common Stock, $0.26 per share
— — — (8,122)— — — — (8,122)
Cumulative translation adjustments— — — — (12,116)— — 46 (12,070)
Pension and postretirement liability adjustments— — — — 382 — — — 382 
Derivative valuation adjustment— — — — (2,124)— — — (2,124)
March 31, 202440,898 $41 $449,028 $1,030,111 $(147,026)9,662 $(364,665)$6,076 $973,565 

(a)In 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. On February 21, 2025, the Company's Board of Directors authorized the Company to repurchase shares up to $250 million (excluding any fees, commissions, taxes or other expenses related to such purchases), which replaced the 2021 authorization. In 2025, the Company repurchased 925,443 shares totaling $69.2 million.