| Schedule of Changes in Total Common Stockholders' Equity |
The Company’s changes in total equity for the three and nine months ended September 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2026 | | Common Stock | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Loss | | Noncontrolling Interest | | Total Equity | | | | | | | | | | | Shares | | Amount | | | | | | | (In thousands) | | Balance at June 30, 2026 | 61,839 | | | $ | 618 | | | $ | 1,070,262 | | | $ | 749,745 | | | $ | (13,152) | | | $ | 2,619 | | | $ | 1,810,092 | | | Net income (loss) | — | | | — | | | — | | | 65,408 | | | — | | | (12) | | | 65,396 | | | Issuance of common stock | 1,041 | | | 11 | | | 51,756 | | | — | | | — | | | — | | | 51,767 | | | Repurchase of common stock | (3) | | | — | | | (141) | | | — | | | — | | | — | | | (141) | | Dividends paid on common stock ($0.335 per share) | — | | | — | | | — | | | (20,969) | | | — | | | — | | | (20,969) | | | Other comprehensive income, net of tax (a) | — | | | — | | | — | | | — | | | 384 | | | — | | | 384 | | Investment in business with noncontrolling interest | — | | | — | | | (32) | | | — | | | — | | | 32 | | | — | | | Balance at September 30, 2026 | 62,877 | | | $ | 629 | | | $ | 1,121,845 | | | $ | 794,184 | | | $ | (12,768) | | | $ | 2,639 | | | $ | 1,906,529 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 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) | — | | | — | | | — | | | 125,910 | | | — | | | (24) | | | 125,886 | | | Issuance of common stock | 3,263 | | | 33 | | | 149,575 | | | — | | | — | | | — | | | 149,608 | | | Repurchase of common stock | (24) | | | — | | | (1,092) | | | — | | | — | | | — | | | (1,092) | | Dividends paid on common stock ($1.005 per share) | — | | | — | | | — | | | (61,002) | | | — | | | — | | | (61,002) | | | Other comprehensive income, net of tax (a) | — | | | — | | | — | | | — | | | 1,154 | | | — | | | 1,154 | | Investment in business with noncontrolling interest | — | | | — | | | (92) | | | — | | | — | | | 92 | | | — | | | | | | | | | | | | | | | | | Balance at September 30, 2026 | 62,877 | | | $ | 629 | | | $ | 1,121,845 | | | $ | 794,184 | | | $ | (12,768) | | | $ | 2,639 | | | $ | 1,906,529 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2025 | | Common Stock | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Loss | | Noncontrolling Interest | | Total Equity | | | | | | | | | | | Shares | | Amount | | | | | | | (In thousands) | | Balance at June 30, 2025 | 59,581 | | | $ | 596 | | | $ | 968,820 | | | $ | 692,319 | | | $ | (6,909) | | | $ | 2,443 | | | $ | 1,657,269 | | | Net income (loss) | — | | | — | | | — | | | 61,230 | | | — | | | (114) | | | 61,116 | | | Issuance of common stock | 12 | | | — | | | 2,344 | | | — | | | — | | | — | | | 2,344 | | | Repurchase of common stock | (2) | | | — | | | (112) | | | — | | | — | | | — | | | (112) | | Dividends paid on common stock ($0.300 per share) | — | | | — | | | — | | | (17,876) | | | — | | | — | | | (17,876) | | | Other comprehensive income, net of tax (a) | — | | | — | | | — | | | — | | | 154 | | | — | | | 154 | | Investment in business with noncontrolling interest | — | | | — | | | (92) | | | — | | | — | | | 92 | | | — | | | Balance at September 30, 2025 | 59,591 | | | $ | 596 | | | $ | 970,960 | | | $ | 735,673 | | | $ | (6,755) | | | $ | 2,421 | | | $ | 1,702,895 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 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) | — | | | — | | | — | | | 116,729 | | | — | | | (361) | | | 116,368 | | | Issuance of common stock | 136 | | | 1 | | | 5,869 | | | — | | | — | | | — | | | 5,870 | | | Repurchase of common stock | (29) | | | — | | | (1,326) | | | — | | | — | | | — | | | (1,326) | | Dividends paid on common stock ($0.940 per share) | — | | | — | | | — | | | (55,974) | | | — | | | — | | | (55,974) | | | Other comprehensive income, net of tax (a) | — | | | — | | | — | | | — | | | 462 | | | — | | | 462 | | Investment in business with noncontrolling interest | — | | | — | | | (558) | | | — | | | — | | | 558 | | | — | | | Distribution to noncontrolling interest | — | | | — | | | — | | | — | | | — | | | (791) | | | (791) | | | Balance at September 30, 2025 | 59,591 | | | $ | 596 | | | $ | 970,960 | | | $ | 735,673 | | | $ | (6,755) | | | $ | 2,421 | | | $ | 1,702,895 | |
(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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