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Quarterly report [Sections 13 or 15(d)]

Changes in Equity

v3.26.1
Changes in Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]
Changes in Equity Changes in Equity
The following tables present changes in our equity for the six months ended June30, 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 six months ended June 30, 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
Net income — — — — — 153,930 153,930
Regular dividends paid and accrued — $0.60 per share of common stock
 — — — — — (41,387) (41,387)
Share-based compensation, net of forfeitures 611 — 286 4,102 — (70) 4,318
Shares exchanged for tax withholdings (115) — (51) — — — (51)
Periodic pension costs, net of income taxes of $96
 — — — — (358) — (358)
Balances as of June 30, 2026
 68,974,683 $ 691 $ (132,673) $ 7,011 $ 3,433 $ 1,793,936 $ 1,672,398
Common Stock Treasury Stock Additional Paid-in Capital Accum.
Other
Comp.
Income (Loss)		 Retained Earnings Total
Equity
Shares Amount
For the six months ended June 30, 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
Net income — — — — — 116,140 116,140
Regular dividends paid and accrued — $0.53 per share of common stock
 — — — — — (36,782) (36,782)
Share-based compensation, net of forfeitures 357 — 174 3,311 — (66) 3,419
Shares exchanged for tax withholdings (114) — (51) — — — (51)
Periodic pension costs, net of income taxes of $10
 — — — — (39) — (39)
Balances as of June 30, 2025
 68,961,978 $ 231 $ (144,727) $ 5,433 $ 3,505 $ 1,424,502 $ 1,288,944
Stock Repurchase Program

On November1, 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 June30, 2026, the remaining amount authorized under the approved stock repurchase program was $170.2 million.