Shareholders' equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Earnings (Loss) Per Share (Basic and Diluted)

Our earnings per share (basic and diluted) for 2023, 2022, and 2021 are presented below (in thousands, except per share amounts):

	2023		2022		2021
Net income	$	476,347	$	631,198	$	478,197
Net loss (income) attributable to noncontrolling interest	377		(729)		(1,242)
Adjustment of redeemable noncontrolling interest to redemption value	(1,771)		(560)		46
Earnings available to common shareholders	$	474,953	$	629,909	$	477,001
Weighted average number of common shares outstanding - basic	207,594		223,652		221,504
Effect of dilutive securities
Restricted stock units	220		535		736
Performance share awards	133		299		230
Stock options	—		—		1
Weighted average number of common shares outstanding - diluted	207,947		224,486		222,471
Earnings per share - basic	$	2.29	$	2.82	$	2.15
Earnings per share - diluted	$	2.28	$	2.81	$	2.14

Schedule of Stock-Based Compensation Related Amounts Recognized in the Consolidated Statements of Income for Equity Awards

The following table shows the stock-based compensation related amounts recognized in the Consolidated Statements of Income for equity awards (in thousands):

	2023		2022		2021
RSUs	$	20,931	$	16,182	$	12,806
PSAs	3,566		14,299		18,709
Total employee awards stock-based compensation	24,497		30,481		31,515
Total income tax benefit	9,072		10,744		8,082
Employee awards stock-based compensation net of tax	$	15,425	$	19,737	$	23,433

Schedule of Restricted Stock and RSU Awards

	2023			2022			2021
RSU	Shares	Weighted average fair value		Shares	Weighted average fair value		Shares	Weighted average fair value
Unvested at beginning of year	2,543,732	$	17.80	2,842,288	$	15.11	2,614,654	$	13.09
Granted	2,289,278	16.09		949,022	21.90		1,282,636	17.83
Vested	(1,122,923)	16.41		(1,118,395)	14.62		(899,282)	13.21
Canceled	(244,707)	17.78		(129,183)	16.39		(155,720)	14.56
Unvested at end of year	3,465,380	$	17.12	2,543,732	$	17.80	2,842,288	$	15.11

Schedule of Nonvested Performance-based Units Activity

A summary for the PSAs activity is presented below:

	2023			2022			2021
PSA	Target number of shares	Weighted average fair value		Target number of shares	Weighted average fair value		Target number of shares	Weighted average fair value
Unvested at beginning of year	986,104	$	18.18	1,015,433	$	15.04	1,142,879	$	12.87
Granted	642,413	16.33		484,781	21.80		553,090	17.48
Vested	(564,159)	16.21		(503,844)	15.26		(646,635)	13.22
Canceled	(116,337)	18.25		(10,266)	17.09		(33,901)	14.20
Unvested at end of year	948,021	$	18.16	986,104	$	18.18	1,015,433	$	15.04

Schedule of Accumulated Other Comprehensive Loss

The following tables summarize the components of, and changes in AOCL, net of tax (in thousands):

2023	Retirement Plans		Foreign Currency Translation (1)		Total
Balance at beginning of year	$	(126,065)	$	532	$	(125,533)
Other comprehensive income before reclassifications	1,769		—		1,769
Amounts reclassified from AOCL	4,154		—		4,154
Balance at end of year	$	(120,142)	$	532	$	(119,610)

2022	Retirement Plans		Foreign Currency Translation (1)		Available-For-Sale Investment		Total
Balance at beginning of year	$	(113,090)	$	455	$	15,419	$	(97,216)
Other comprehensive loss before reclassifications	(16,288)		77		—		(16,211)
Amounts reclassified from AOCL	3,313		—		(15,419)		(12,106)
Balance at end of year	$	(126,065)	$	532	$	—	$	(125,533)

2021	Retirement Plans		Foreign Currency Translation (1)		Available-For- Sale Investment		Total
Balance at beginning of year	$	(120,979)	$	(97)	$	—	$	(121,076)
Other comprehensive income before reclassifications	3,316		552		15,419		19,287
Amounts reclassified from AOCL	4,573		—		—		4,573
Balance at end of year	$	(113,090)	$	455	$	15,419	$	(97,216)

(1) Our entire foreign currency translation adjustment is related to our CareerBuilder investment. We previously recorded our share of foreign currency translation adjustments through our equity method investment, however, accounting for this investment has been suspended as its carrying value has declined to $0.

Schedule of Reclassification out of Accumulated Other Comprehensive Loss

Reclassifications out of AOCL related to these post-retirement plans and a realized gain on an available-for-sale investment included the following (in thousands):

	2023		2022		2021
Amortization of prior service credit	$	(464)	$	(481)	$	(481)
Amortization of actuarial loss	6,054		4,639		5,698
Pension payment timing related charges	—		300		946
Realized gain on available-for-sale investment	—		(20,800)		—
Total reclassifications, before tax	5,590		(16,342)		6,163
Income tax effect	(1,436)		4,236		(1,590)
Total reclassifications, net of tax	$	4,154	$	(12,106)	$	4,573