/* Knudsen Equity Research — shared styles
   Everything is Times New Roman, on purpose. */

:root {
  --ink: #1a1a1a;
  --muted: #6b6b6b;
  --rule: #dadad3;
  --paper: #fbfbf9;
  --measure: 672px;
}

* {
  box-sizing: border-box;
}

html {
  -webkit-text-size-adjust: 100%;
}

body {
  margin: 0;
  background: var(--paper);
  color: var(--ink);
  font-family: "Times New Roman", Times, serif;
  line-height: 1.65;
  -webkit-font-smoothing: antialiased;
  text-rendering: optimizeLegibility;
}

.wrap {
  max-width: var(--measure);
  margin: 0 auto;
  padding: 112px 24px 72px;
}

@media (max-width: 600px) {
  .wrap {
    padding: 64px 20px 56px;
  }
}

/* ---- Masthead ---- */
.masthead {
  font-size: 30px;
  font-weight: 700;
  letter-spacing: 0.01em;
  line-height: 1.2;
  margin: 0;
}

.masthead a {
  color: inherit;
  text-decoration: none;
}

.rule {
  height: 1px;
  background: var(--rule);
  border: 0;
  margin: 20px 0 0;
}

/* ---- Ethos ---- */
.ethos {
  margin: 44px 0 0;
}

.ethos p {
  font-size: 19px;
  line-height: 1.65;
  margin: 0 0 16px;
}

.ethos p:last-child {
  margin-bottom: 0;
}

/* ---- Section label ---- */
.label {
  font-size: 13px;
  letter-spacing: 0.14em;
  text-transform: uppercase;
  color: var(--muted);
  margin: 44px 0 24px;
}

/* ---- Writing index ---- */
.index {
  list-style: none;
  margin: 0;
  padding: 0;
}

.index li {
  padding: 0 0 22px;
  margin: 0 0 22px;
  border-bottom: 1px solid var(--rule);
}

.index li:last-child {
  border-bottom: 0;
  margin-bottom: 0;
}

.index a {
  display: inline-block;
  font-size: 21px;
  line-height: 1.35;
  color: var(--ink);
  text-decoration: none;
}

.index a:hover {
  text-decoration: underline;
  text-underline-offset: 3px;
}

.index .date {
  display: block;
  font-size: 15px;
  color: var(--muted);
  margin-top: 5px;
}

.index .empty {
  font-size: 17px;
  color: var(--muted);
  font-style: italic;
}

/* ---- Article ---- */
.backlink {
  font-size: 15px;
  color: var(--muted);
  text-decoration: none;
}

.backlink:hover {
  text-decoration: underline;
  text-underline-offset: 3px;
}

.article-head {
  margin: 24px 0 36px;
}

.article-title {
  font-size: 32px;
  font-weight: 700;
  letter-spacing: 0.01em;
  line-height: 1.25;
  margin: 0 0 10px;
}

.article-date {
  font-size: 15px;
  color: var(--muted);
  margin: 0;
}

/* Rendered markdown body */
.article-body {
  font-size: 19px;
  line-height: 1.7;
}

.article-body > *:first-child {
  margin-top: 0;
}

.article-body p {
  margin: 0 0 20px;
}

.article-body h2 {
  font-size: 21px;
  font-weight: 700;
  letter-spacing: 0.01em;
  line-height: 1.4;
  margin: 36px 0 16px;
}

.article-body h3 {
  font-size: 19px;
  font-weight: 700;
  margin: 28px 0 12px;
}

.article-body a {
  color: var(--ink);
  text-underline-offset: 2px;
}

.article-body blockquote {
  margin: 24px 0;
  padding: 0 0 0 20px;
  border-left: 2px solid var(--rule);
  color: #333;
  font-style: italic;
}

.article-body ul,
.article-body ol {
  margin: 0 0 20px;
  padding-left: 24px;
}

.article-body li {
  margin: 0 0 8px;
}

.article-body hr {
  height: 1px;
  background: var(--rule);
  border: 0;
  margin: 36px 0;
}

.article-body code {
  font-family: "Courier New", monospace;
  font-size: 0.9em;
  background: #f0efe9;
  padding: 1px 5px;
  border-radius: 3px;
}

.article-body img {
  max-width: 100%;
  height: auto;
}

.article-body table {
  border-collapse: collapse;
  width: 100%;
  margin: 0 0 20px;
  font-size: 17px;
}

.article-body th,
.article-body td {
  border: 1px solid var(--rule);
  padding: 8px 12px;
  text-align: left;
}

/* ---- Disclaimer footer (every page) ---- */
.disclaimer {
  margin-top: 44px;
  padding-top: 28px;
  border-top: 1px solid var(--rule);
  font-size: 13px;
  font-style: italic;
  line-height: 1.55;
  color: var(--muted);
}