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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Summary of Changes in Stockholders' Equity

A summary of the changes in stockholders’ equity for the three months ended March 31, 2020 and 2019, is as follows (in thousands except per share amounts):

 

 

 

Common Stock

 

 

Additional

Paid-in

 

 

Dividends

Paid In Excess

 

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Of Earnings

 

 

Total

 

BALANCE, DECEMBER 31, 2019

 

 

41,368

 

 

$

414

 

 

$

656,127

 

 

$

(67,102

)

 

$

589,439

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12,700

 

 

 

12,700

 

Cumulative-effect adjustment for the adoption of new accounting pronouncement (Note 2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(886

)

 

 

(886

)

Dividends declared — $0.37 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(15,632

)

 

 

(15,632

)

Shares issued pursuant to ATM Program, net

 

 

 

 

 

 

 

 

(27

)

 

 

 

 

 

(27

)

Shares issued pursuant to dividend reinvestment

 

 

12

 

 

 

 

 

 

394

 

 

 

 

 

 

394

 

Stock-based compensation/settlements

 

 

11

 

 

 

 

 

 

487

 

 

 

 

 

 

487

 

BALANCE, MARCH 31, 2020

 

 

41,391

 

 

$

414

 

 

$

656,981

 

 

$

(70,920

)

 

$

586,475

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

 

Additional

Paid-in

 

 

Dividends

Paid In Excess

 

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Of Earnings

 

 

Total

 

BALANCE, DECEMBER 31, 2018

 

 

40,855

 

 

$

409

 

 

$

638,178

 

 

$

(57,423

)

 

$

581,164

 

Net earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,927

 

 

 

10,927

 

Dividends declared — $0.35 per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(14,555

)

 

 

(14,555

)

Shares issued pursuant to ATM Program, net

 

 

 

 

 

 

 

 

(17

)

 

 

 

 

 

(17

)

Shares issued pursuant to dividend reinvestment

 

 

12

 

 

 

 

 

 

357

 

 

 

 

 

 

357

 

Stock-based compensation/settlements

 

 

16

 

 

 

 

 

 

359

 

 

 

 

 

 

359

 

BALANCE, MARCH 31, 2019

 

 

40,883

 

 

$

409

 

 

$

638,877

 

 

$

(61,051

)

 

$

578,235