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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Non-controlling Interest
Total
Beginning Balance at Dec. 31, 2021 $ 296,873 $ 310,925 $ (389) $ 18,691 $ 626,100
Beginning Balance (in shares) at Dec. 31, 2021 58,882,549        
Increase (Decrease) in Stockholders' Equity          
Capital contributions from non-controlling interest       2,035 2,035
Capital distributions to non-controlling interest       (710) (710)
Issuance of restricted stock (in shares) 25,594        
Stock based compensation expense $ 42       42
Dividends   (5,889)     (5,889)
Other comprehensive (loss) income, net of tax     1,309 692 2,001
Net income (loss)   13,412   41 13,453
Ending Balance at Mar. 31, 2022 $ 296,915 318,448 920 20,749 637,032
Ending Balance (in shares) at Mar. 31, 2022 58,908,143        
Beginning Balance at Dec. 31, 2022 $ 270,028 358,344 2,430 20,307 651,109
Beginning Balance (in shares) at Dec. 31, 2022 58,335,541        
Increase (Decrease) in Stockholders' Equity          
Capital contributions from non-controlling interest       214 214
Capital distributions to non-controlling interest       (2,094) (2,094)
Issuance of restricted stock (in shares) 36,499        
Stock based compensation expense $ 141       141
Dividends   (5,837)     (5,837)
Other comprehensive (loss) income, net of tax     (357) (274) (631)
Net income (loss)   10,390   (909) 9,481
Ending Balance at Mar. 31, 2023 $ 270,169 $ 362,897 $ 2,073 $ 17,244 $ 652,383
Ending Balance (in shares) at Mar. 31, 2023 58,372,040