Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

v3.22.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Total
Balance at Dec. 31, 2018 $ 227 $ 151,813 $ 136,765 $ (6,049) $ 282,756
Balance (in shares) at Dec. 31, 2018 22,700,991        
Increase (Decrease) in Stockholders' Equity          
Net income (loss)     49,166   49,166
Dividends paid     (25,183)   (25,183)
Adjustment for pension and postretirement benefit liability, net of tax of ($120) in 2021, $34 in 2020 and ($94) in 2019       351 351
Adjustment for interest rate swap, net of tax of ($1,370) in 2021, $899 in 2020 and $1,211 in 2019       (3,496) (3,496)
Shares withheld on restricted stock vesting paid for employees' taxes   (50)     (50)
Pension termination, net of tax of ($2,237) in 2019       6,380 6,380
Stock based compensation $ 1 3,238     3,239
Stock based compensation (in shares) 94,421        
Balance at Dec. 31, 2019 $ 228 155,001 160,748 (2,814) 313,163
Balance (in shares) at Dec. 31, 2019 22,795,412        
Increase (Decrease) in Stockholders' Equity          
Net income (loss)     (86,553)   (86,553)
Dividends paid     (25,926)   (25,926)
Adjustment for pension and postretirement benefit liability, net of tax of ($120) in 2021, $34 in 2020 and ($94) in 2019       (97) (97)
Adjustment for interest rate swap, net of tax of ($1,370) in 2021, $899 in 2020 and $1,211 in 2019       (2,584) (2,584)
Shares withheld on restricted stock vesting paid for employees' taxes   (72)     (72)
Stock based compensation $ 1 2,829     2,830
Stock based compensation (in shares) 62,045        
Balance at Dec. 31, 2020 $ 229 157,758 47,712 (5,495) 200,204
Balance (in shares) at Dec. 31, 2020 22,857,457        
Increase (Decrease) in Stockholders' Equity          
Impact due to adoption | ASU 2016-13     (557)   (557)
Net income (loss)     30,691   30,691
Dividends paid     (26,522)   (26,522)
Adjustment for pension and postretirement benefit liability, net of tax of ($120) in 2021, $34 in 2020 and ($94) in 2019       329 329
Adjustment for interest rate swap, net of tax of ($1,370) in 2021, $899 in 2020 and $1,211 in 2019       4,113 4,113
Stock based compensation $ 1 5,794     5,795
Stock based compensation (in shares) 123,494        
Balance at Dec. 31, 2021 $ 230 $ 163,552 $ 51,881 $ (1,053) $ 214,610
Balance (in shares) at Dec. 31, 2021 22,980,951