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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Retained Earnings
Adjustment
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Treasury Stock
Non-controlling Interest
Adjustment
Total
Beginning Balance at Dec. 31, 2019 $ 305,631 $ (90) $ 214,225 $ (335)   $ 10,149 $ (90) $ 529,670
Beginning Balance (in shares) at Dec. 31, 2019 59,414,583              
Increase (Decrease) in Stockholders' Equity                
Capital contributions from non-controlling interest           7,748   7,748
Capital distributions to non-controlling interest           (621)   (621)
Stock based compensation expense $ 45             45
Repurchase of common shares         $ (8,803)     (8,803)
Repurchase of common shares (in shares) (532,034)              
Dividends     (4,122)         (4,122)
Retirement of treasury stock $ (8,803)       8,803      
Other comprehensive income, net of tax       (1,137)       (1,137)
Net income     45,203     277   45,480
Ending Balance at Dec. 31, 2020 $ 296,873   255,216 (1,472)   17,553   568,170
Ending Balance (in shares) at Dec. 31, 2020 58,882,549              
Increase (Decrease) in Stockholders' Equity                
Capital contributions from non-controlling interest           3,189   3,189
Capital distributions to non-controlling interest           (1,247)   (1,247)
Repurchase of common shares (in shares) 0              
Dividends     (18,844)         (18,844)
Other comprehensive income, net of tax       1,083       1,083
Net income     74,553     (804)   73,749
Ending Balance at Dec. 31, 2021 $ 296,873   310,925 (389)   18,691   626,100
Ending Balance (in shares) at Dec. 31, 2021 58,882,549              
Increase (Decrease) in Stockholders' Equity                
Additional ownership interest acquired in Pier Park North JV $ (7,237)         (458)   (7,695)
Capital contributions from non-controlling interest           3,823   3,823
Capital distributions to non-controlling interest           (2,433)   (2,433)
Issuance of restricted stock (in shares) 29,955              
Stock based compensation expense $ 364             364
Repurchase of common shares         (19,972)     (19,972)
Repurchase of common shares (in shares) (576,963)              
Dividends     (23,508)         (23,508)
Retirement of treasury stock $ (19,972)       $ 19,972      
Other comprehensive income, net of tax       2,819   1,383   4,202
Net income     70,927     (699)   70,228
Ending Balance at Dec. 31, 2022 $ 270,028   $ 358,344 $ 2,430   $ 20,307   $ 651,109
Ending Balance (in shares) at Dec. 31, 2022 58,335,541