Schedule of Stockholders Equity |
The following tables present changes in our equity for the three months ended March 31, 2021 and 2020 (in thousands, except shares and per share amounts):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Sub-share Certificates | | Common Stock | | | | | | | | | | Number of shares | | Number of shares | | Par Value | | | | Accum. Other Comp. Loss | | Retained Earnings | | Net Proceeds from All Sources | | Total Equity | For the three months ended March 31, 2021: | | | | | | | | | | | | | | | | Balances as of December 31, 2020 | 7,756,156 | | | — | | | $ | — | | | | | $ | (2,693) | | | $ | — | | | $ | 487,877 | | | $ | 485,184 | | Net income | — | | | — | | | — | | | | | — | | | 50,052 | | | — | | | 50,052 | | Dividends paid ($2.75 per common share) | — | | | — | | | — | | | | | — | | | (21,329) | | | — | | | (21,329) | | Conversion of Sub-shares into shares of common stock | (7,756,156) | | | 7,756,156 | | | 78 | | | | | — | | | 487,799 | | | (487,877) | | | — | | Other comprehensive income | — | | | — | | | — | | | | | 28 | | | — | | | — | | | 28 | | Balances as of March 31, 2021 | — | | | 7,756,156 | | | $ | 78 | | | | | $ | (2,665) | | | $ | 516,522 | | | $ | — | | | $ | 513,935 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Sub-share Certificates | | | | Accum. Other Comp. Loss | | Net Proceeds from All Sources | | Total Capital | For the three months ended March 31, 2020: | | | | | | | | | | | | Balances as of December 31, 2019 | | | 7,756,156 | | | | | $ | (1,461) | | | $ | 513,598 | | | $ | 512,137 | | Net income | | | — | | | | | — | | | 57,401 | | | 57,401 | | Dividends paid ($16.00 per Sub-share) | | | — | | | | | — | | | (124,098) | | | (124,098) | | | | | | | | | | | | | | Cumulative effect of accounting change | | | — | | | | | — | | | (110) | | | (110) | | Other comprehensive income | | | — | | | | | 13 | | | — | | | 13 | | Balances as of March 31, 2020 | | | 7,756,156 | | | | | $ | (1,448) | | | $ | 446,791 | | | $ | 445,343 | |
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