| 1996 |
1995 |
1994 |
||
| (In thousands of dollars) | ||||
| Capital Stock | ||||
| Class A common stock | ||||
| Balance at beginning of year | $36,512 | $36,507 | $36,507 | |
| Conversions from Class B | 15 |
5 |
-- |
|
| Balance at end of year | 36,527 | 36,512 | 36,507 | |
| Class B common stock | ||||
| Balance at beginning of year | 3,604 | 3,609 | 3,609 | |
| Conversions to Class A | (15) |
(5) |
-- |
|
| Balance at end of year | 3,589 | 3,604 | 3,609 | |
| Treasury Stock | ||||
| Balance at beginning of year | (6,327) | (6,186) | (6,702) | |
| Exercise of stock options | 61 | (184) | (13) | |
| Restricted stock awards | 69 | 43 | -- | |
| Treasury stock issued for acquisition | -- |
-- |
529 |
|
| Balance at end of year | (6,197) | (6,327) | (6,186) | |
| Paid-in Capital | ||||
| Balance at beginning of year | 7,215 | 5,868 | 679 | |
| Exercise of stock options | 476 | 977 | 386 | |
| Restricted stock awards | 574 | 370 | -- | |
| Treasury stock issued for acquisition | -- |
-- |
4,803 |
|
| Balance at end of year | 8,265 | 7,215 | 5,868 | |
| Earnings Invested in the Business | ||||
| Balance at beginning of year | 435,100 | 391,718 | 352,126 | |
| Net earnings | 73,009 | 69,491 | 61,057 | |
| Cash dividends | (31,579) | (29,638) | (26,570) | |
Equity adjustment
|
(1,815) |
3,529 |
5,105 |
|
| Balance at end of year | 474,715 |
435,100 |
391,718 |
|
| Stockholders' Equity at end of year | $516,899 |
$476,104 |
$431,516 |
|
|
See accompanying Notes to Financial Statements. |
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