| Schedule of Changes in Total Common Stockholders' Equity |
The Company’s changes in total equity for the three and six months ended June 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | | Common Stock | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Loss | | Noncontrolling Interest | | Total Equity | | | | | | | | | | | | Shares | | Amount | | | | | | | | (In thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at March 31, 2026 | 59,853 | | | $ | 599 | | | $ | 980,113 | | | $ | 713,333 | | | $ | (13,537) | | | $ | 2,604 | | | $ | 1,683,112 | | | Net income (loss) | — | | | — | | | — | | | 56,465 | | | — | | | (12) | | | 56,453 | | | Issuance of common stock | 1,989 | | | 19 | | | 90,304 | | | — | | | — | | | — | | | 90,323 | | | Repurchase of common stock | (3) | | | — | | | (128) | | | — | | | — | | | — | | | (128) | | Dividends paid on common stock ($0.335 per share) | — | | | — | | | — | | | (20,053) | | | — | | | — | | | (20,053) | | | Other comprehensive income, net of tax (a) | — | | | — | | | — | | | — | | | 385 | | | — | | | 385 | | Investment in business with noncontrolling interest | — | | | — | | | (27) | | | — | | | — | | | 27 | | | — | | | | | | | | | | | | | | | | | Balance at June 30, 2026 | 61,839 | | | $ | 618 | | | $ | 1,070,262 | | | $ | 749,745 | | | $ | (13,152) | | | $ | 2,619 | | | $ | 1,810,092 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | | Common Stock | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Loss | | Noncontrolling Interest | | Total Equity | | | | | | | | | | | | Shares | | Amount | | | | | | | | (In thousands) | | Balance at January 1, 2026 | 59,638 | | | $ | 596 | | | $ | 973,454 | | | $ | 729,276 | | | $ | (13,922) | | | $ | 2,571 | | | $ | 1,691,975 | | | Net income (loss) | — | | | — | | | — | | | 60,502 | | | — | | | (12) | | | 60,490 | | | Issuance of common stock | 2,222 | | | 22 | | | 97,819 | | | — | | | — | | | — | | | 97,841 | | | Repurchase of common stock | (21) | | | — | | | (951) | | | — | | | — | | | — | | | (951) | | Dividends paid on common stock ($0.670 per share) | — | | | — | | | — | | | (40,033) | | | — | | | — | | | (40,033) | | | Other comprehensive income, net of tax (a) | — | | | — | | | — | | | — | | | 770 | | | — | | | 770 | | Investment in business with noncontrolling interest | — | | | — | | | (60) | | | — | | | — | | | 60 | | | — | | | | | | | | | | | | | | | | | Balance at June 30, 2026 | 61,839 | | | $ | 618 | | | $ | 1,070,262 | | | $ | 749,745 | | | $ | (13,152) | | | $ | 2,619 | | | $ | 1,810,092 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | | Common Stock | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Loss | | Noncontrolling Interest | | Total Equity | | | | | | | | | | | | Shares | | Amount | | | | | | | | (In thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at March 31, 2025 | 59,570 | | | $ | 596 | | | $ | 967,689 | | | $ | 668,023 | | | $ | (7,063) | | | $ | 2,744 | | | $ | 1,631,989 | | | Net income (loss) | — | | | — | | | — | | | 42,168 | | | — | | | (118) | | | 42,050 | | | Issuance of common stock | 14 | | | — | | | 1,392 | | | — | | | — | | | — | | | 1,392 | | | Repurchase of common stock | (3) | | | — | | | (105) | | | — | | | — | | | — | | | (105) | | Dividends paid on common stock ($0.300 per share) | — | | | — | | | — | | | (17,872) | | | — | | | — | | | (17,872) | | | Other comprehensive income, net of tax (a) | — | | | — | | | — | | | — | | | 154 | | | — | | | 154 | | Investment in business with noncontrolling interest | — | | | — | | | (156) | | | — | | | — | | | 156 | | | — | | | Distribution to noncontrolling interest | — | | | — | | | — | | | — | | | — | | | (339) | | | (339) | | | Balance at June 30, 2025 | 59,581 | | | $ | 596 | | | $ | 968,820 | | | $ | 692,319 | | | $ | (6,909) | | | $ | 2,443 | | | $ | 1,657,269 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | | Common Stock | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Loss | | Noncontrolling Interest | | Total Equity | | | | | | | | | | | | Shares | | Amount | | | | | | | | (In thousands) | | Balance at January 1, 2025 | 59,484 | | | $ | 595 | | | $ | 966,975 | | | $ | 674,918 | | | $ | (7,217) | | | $ | 3,015 | | | $ | 1,638,286 | | | Net income (loss) | — | | | — | | | — | | | 55,499 | | | — | | | (247) | | | 55,252 | | | Issuance of common stock | 124 | | | 1 | | | 3,525 | | | — | | | — | | | — | | | 3,526 | | | Repurchase of common stock | (27) | | | — | | | (1,214) | | | — | | | — | | | — | | | (1,214) | | Dividends paid on common stock ($0.640 per share) | — | | | — | | | — | | | (38,098) | | | — | | | — | | | (38,098) | | | Other comprehensive income, net of tax (a) | — | | | — | | | — | | | — | | | 308 | | | — | | | 308 | | Investment in business with noncontrolling interest | — | | | — | | | (466) | | | — | | | — | | | 466 | | | — | | | Distribution to noncontrolling interest | — | | | — | | | — | | | — | | | — | | | (791) | | | (791) | | | Balance at June 30, 2025 | 59,581 | | | $ | 596 | | | $ | 968,820 | | | $ | 692,319 | | | $ | (6,909) | | | $ | 2,443 | | | $ | 1,657,269 | |
(a) This accumulated other comprehensive loss component is included in the computation of net periodic benefit costs for the Company’s supplemental executive retirement plan (SERP), specifically the following components: amortization of unrecognized (gain) loss and amortization of prior service credit.
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