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Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Cumulative effect of change in accounting principle
Common Stock
Additional paid-in capital
Retaining Earnings
Retaining Earnings
Cumulative effect of change in accounting principle
Accumulated other comprehensive income
Balance, beginning (in shares) at Dec. 31, 2019     25,015,963        
Balance, beginning at Dec. 31, 2019 $ 910,472 $ (30) $ 25 $ 200,179 $ 697,116 $ (30) $ 13,152
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (72,534)       (72,534)    
Shares repurchased (in shares)     (70,467)        
Shares repurchased (2,741)     (2,741)      
Stock based compensation (in shares)     70,597        
Stock based compensation 879     879      
Dividends on common stock (8,249)       (8,249)    
Change in net unrealized investment appreciation [1] 4,500           4,500
Change in liability for underfunded employee benefit plans [2] 847           847
Balance, ending (in shares) at Mar. 31, 2020     25,016,093        
Balance, ending at Mar. 31, 2020 833,144   $ 25 198,317 616,303   18,499
Balance, beginning (in shares) at Dec. 31, 2019     25,015,963        
Balance, beginning at Dec. 31, 2019 910,472 $ (30) $ 25 200,179 697,116 $ (30) 13,152
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (66,574)            
Balance, ending (in shares) at Jun. 30, 2020     25,031,234        
Balance, ending at Jun. 30, 2020 860,667   $ 25 199,796 613,996   46,850
Balance, beginning (in shares) at Mar. 31, 2020     25,016,093        
Balance, beginning at Mar. 31, 2020 833,144   $ 25 198,317 616,303   18,499
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 5,960       5,960    
Stock based compensation (in shares)     15,141        
Stock based compensation 1,479     1,479      
Dividends on common stock (8,267)       (8,267)    
Change in net unrealized investment appreciation [1] 27,504           27,504
Change in liability for underfunded employee benefit plans [2] 847           847
Balance, ending (in shares) at Jun. 30, 2020     25,031,234        
Balance, ending at Jun. 30, 2020 $ 860,667   $ 25 199,796 613,996   46,850
Balance, beginning (in shares) at Dec. 31, 2020 25,055,479   25,055,479        
Balance, beginning at Dec. 31, 2020 $ 825,149   $ 25 202,359 555,854   66,911
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 18,702       18,702    
Shares repurchased (in shares)     (207)        
Shares repurchased (7)     (7)      
Stock based compensation (in shares)     64,583        
Stock based compensation 522     522      
Dividends on common stock (3,767)       (3,767)    
Change in net unrealized investment appreciation [1] (23,456)           (23,456)
Change in liability for underfunded employee benefit plans [2] 6,456           6,456
Balance, ending (in shares) at Mar. 31, 2021     25,119,855        
Balance, ending at Mar. 31, 2021 $ 823,599   $ 25 202,874 570,789   49,911
Balance, beginning (in shares) at Dec. 31, 2020 25,055,479   25,055,479        
Balance, beginning at Dec. 31, 2020 $ 825,149   $ 25 202,359 555,854   66,911
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 32,452            
Balance, ending (in shares) at Jun. 30, 2021 25,117,340   25,117,340        
Balance, ending at Jun. 30, 2021 $ 839,475   $ 25 203,055 580,767   55,628
Balance, beginning (in shares) at Mar. 31, 2021     25,119,855        
Balance, beginning at Mar. 31, 2021 823,599   $ 25 202,874 570,789   49,911
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 13,750       13,750    
Shares repurchased (in shares)     (31,027)        
Shares repurchased (1,000)     (1,000)      
Stock based compensation (in shares)     28,512        
Stock based compensation 1,181     1,181      
Dividends on common stock (3,772)       (3,772)    
Change in net unrealized investment appreciation [1] 7,391           7,391
Change in liability for underfunded employee benefit plans [2] $ (1,674)           (1,674)
Balance, ending (in shares) at Jun. 30, 2021 25,117,340   25,117,340        
Balance, ending at Jun. 30, 2021 $ 839,475   $ 25 $ 203,055 $ 580,767   $ 55,628
[1] The change in net unrealized appreciation is net of reclassification adjustments and income taxes.
[2] The change in liability for underfunded employee benefit plans is net of reclassification adjustments and income taxes.