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STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Cumulative effect adjustment
[1]
Class A common stock
Class B common stock
Common stock
Class A common stock
Common stock
Class B common stock
Additional paid-in-capital
Accumulated other comprehensive (loss) income
Retained earnings
Retained earnings
Cumulative effect adjustment
[1]
Retained earnings
Class A common stock
Retained earnings
Class B common stock
Treasury stock
Deferred compensation
Beginning balance at Dec. 31, 2019 $ 1,133,253 $ (1,075)     $ 1,992 $ 178 $ 16,483 $ (116,868) $ 2,377,558 $ (1,075)     $ (1,158,910) $ 12,820
Increase (decrease) in shareholders' equity                            
Accounting standards update [1] Accounting Standards Update 2016-13 [Member]                          
Net income $ 59,326               59,326          
Other comprehensive (loss) income (29,576)             (29,576)            
Dividends declared:     $ (44,572) $ (368)             $ (44,572) $ (368)    
Net purchase of treasury stock [2] 4           4           0  
Deferred compensation 0                       (772) 772
Ending balance at Mar. 31, 2020 1,116,992       1,992 178 16,487 (146,444) 2,390,869       (1,159,682) 13,592
Beginning balance at Dec. 31, 2019 1,133,253 $ (1,075)     1,992 178 16,483 (116,868) 2,377,558 $ (1,075)     (1,158,910) 12,820
Increase (decrease) in shareholders' equity                            
Net income 230,519                          
Other comprehensive (loss) income 19,337             19,337            
Ending balance at Sep. 30, 2020 1,247,217       1,992 178 16,487 (97,531) 2,472,181       (1,162,917) 16,827
Beginning balance at Mar. 31, 2020 1,116,992       1,992 178 16,487 (146,444) 2,390,869       (1,159,682) 13,592
Increase (decrease) in shareholders' equity                            
Net income 81,977               81,977          
Other comprehensive (loss) income 40,111             40,111            
Dividends declared:     (44,573) (368)             (44,573) (368)    
Net purchase of treasury stock [2] 0           0           0  
Deferred compensation 0                       (3,568) 3,568
Rabbi trust distribution [3] 0                       704 (704)
Ending balance at Jun. 30, 2020 1,194,139       1,992 178 16,487 (106,333) 2,427,905       (1,162,546) 16,456
Increase (decrease) in shareholders' equity                            
Net income 89,216               89,216          
Other comprehensive (loss) income 8,802             8,802            
Dividends declared:     (44,572) (368)             (44,572) (368)    
Net purchase of treasury stock [2] 0           0           0  
Deferred compensation 0                       (371) 371
Ending balance at Sep. 30, 2020 1,247,217       1,992 178 16,487 (97,531) 2,472,181       (1,162,917) 16,827
Beginning balance at Dec. 31, 2020 1,188,048       1,992 178 16,487 (78,143) 2,393,624       (1,163,670) 17,580
Increase (decrease) in shareholders' equity                            
Net income 73,566               73,566          
Other comprehensive (loss) income (5,289)             (5,289)            
Dividends declared:     (47,806) (395)             (47,806) (395)    
Net purchase of treasury stock [4] 9           9           0  
Deferred compensation 0                       (846) 846
Rabbi trust distribution [5] 0                       876 (876)
Ending balance at Mar. 31, 2021 1,208,133       1,992 178 16,496 (83,432) 2,418,989       (1,163,640) 17,550
Beginning balance at Dec. 31, 2020 1,188,048       1,992 178 16,487 (78,143) 2,393,624       (1,163,670) 17,580
Increase (decrease) in shareholders' equity                            
Net income 242,818                          
Other comprehensive (loss) income 581             581            
Ending balance at Sep. 30, 2021 1,286,856       1,992 178 16,496 (77,562) 2,491,842       (1,167,490) 21,400
Beginning balance at Mar. 31, 2021 1,208,133       1,992 178 16,496 (83,432) 2,418,989       (1,163,640) 17,550
Increase (decrease) in shareholders' equity                            
Net income 79,029               79,029          
Other comprehensive (loss) income 6,139             6,139            
Dividends declared:     (47,805) (394)             (47,805) (394)    
Net purchase of treasury stock [4] 0           0           0  
Deferred compensation 0                       (3,668) 3,668
Rabbi trust distribution [5] 0                       97 (97)
Ending balance at Jun. 30, 2021 1,245,102       1,992 178 16,496 (77,293) 2,449,819       (1,167,211) 21,121
Increase (decrease) in shareholders' equity                            
Net income 90,223               90,223          
Other comprehensive (loss) income (269)             (269)            
Dividends declared:     $ (47,805) $ (395)             $ (47,805) $ (395)    
Net purchase of treasury stock [4] 0           0           0  
Deferred compensation 0                       (279) 279
Ending balance at Sep. 30, 2021 $ 1,286,856       $ 1,992 $ 178 $ 16,496 $ (77,562) $ 2,491,842       $ (1,167,490) $ 21,400
[1] The cumulative effect adjustment is related to the implementation of credit loss allowance accounting guidance effective January 1, 2020.
[2] Net purchases of treasury stock in 2020 include the repurchase of our Class A common stock in the open market that were subsequently distributed to satisfy stock based compensation awards.
[3] Distributions of our Class A shares were made from the rabbi trust to a retired director in 2020.
[4] Net purchases of treasury stock in 2021 include the repurchase of our Class A common stock in the open market that were subsequently distributed to satisfy stock based compensation awards.
[5] Distributions of our Class A shares were made from the rabbi trust to a retired director and an incentive compensation deferral plan participant in 2021.