Quarterly report [Sections 13 or 15(d)]

Changes in Equity

v3.26.1
Changes in Equity
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Changes in Equity Changes in Equity
The following tables present changes in our equity for the three months ended March 31, 2026 and 2025 (in thousands, except shares and per share amounts):
Common Stock Treasury Stock Additional Paid-in Capital Accum.
Other
Comp.
Income (Loss)		 Retained Earnings Total
Equity
Shares Amount
For the three months ended March 31, 2026:
Balances as of December 31, 2025
 68,938,230  $ 691  $ (151,242) $ 9,906  $ 4,150  $ 1,595,402  $ 1,458,907 
Net income —  —  —  —  —  142,902  142,902 
Regular dividends paid and accrued — $0.60 per share of common stock
 —  —  —  —  —  (41,796) (41,796)
Share-based compensation, net of forfeitures 57,967  —  27,397  (6,997) —  (15,045) 5,355 
Shares exchanged for tax withholdings (22,010) —  (9,063) —  —  —  (9,063)
Periodic pension costs, net of income taxes of $95
 —  —  —  —  (359) —  (359)
Balances as of March 31, 2026
 68,974,187  $ 691  $ (132,908) $ 2,909  $ 3,791  $ 1,681,463  $ 1,555,946 
Common Stock Treasury Stock Additional Paid-in Capital Accum.
Other
Comp.
Income (Loss)		 Retained Earnings Total
Equity
Shares Amount
For the three months ended March 31, 2025:
Balances as of December 31, 2024
 68,915,409  $ 231  $ (168,843) $ 19,900  $ 3,583  $ 1,277,594  $ 1,132,465 
Net income —  —  —  —  —  120,652  120,652 
Regular dividends paid and accrued — $0.53 per share of common stock
 —  —  —  —  —  (37,434) (37,434)
Share-based compensation, net of forfeitures 77,670  —  38,253  (17,778) —  (15,602) 4,873 
Shares exchanged for tax withholdings (31,344) —  (14,260) —  —  —  (14,260)
Periodic pension costs, net of income taxes of $11
 —  —  —  —  (39) —  (39)
Balances as of March 31, 2025
 68,961,735  $ 231  $ (144,850) $ 2,122  $ 3,544  $ 1,345,210  $ 1,206,257 
Stock Repurchase Program

On November 1, 2022, our board of directors (the “Board”) approved a stock repurchase program, which became effective January 1, 2023, to purchase up to an aggregate of $250.0 million of our outstanding Common Stock. The Company opportunistically repurchases stock under the stock repurchase program with funds generated by cash from operations. The stock repurchase program may be suspended from time to time, modified, extended or discontinued by the Board at any time. Purchases under the stock repurchase program may be made through a combination of open market repurchases in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, privately negotiated transactions, and/or other transactions at the Company’s discretion, including under a Rule 10b5-1 trading plan implemented by the Company, and are subject to market conditions, applicable legal requirements and other factors. As of March 31, 2026, the remaining amount authorized under the approved stock repurchase program was $170.2 million.