v3.25.2
Changes in Equity
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Changes in Equity Changes in Equity
The following tables present changes in our equity for the six months ended June 30, 2025 and 2024 (in thousands, except shares and per share amounts):
Common StockTreasury StockAdditional Paid-in CapitalAccum.
Other
Comp.
Income (Loss)		Retained EarningsTotal
Equity
SharesAmount
For the six months ended June 30, 2025:
Balances as of December 31, 2024
22,971,803 $231 $(168,843)$19,900 $3,583 $1,277,594 $1,132,465 
Net income— — — — — 120,652 120,652 
Dividends paid — $1.60 per share of common stock
— — — — — (37,434)(37,434)
Share-based compensation, net of forfeitures25,890 — 38,253 (17,778)— (15,602)4,873 
Shares exchanged for tax withholdings(10,448)— (14,260)— — — (14,260)
Periodic pension costs, net of income taxes of $11
— — — — (39)— (39)
Balances as of March 31, 2025
22,987,245 231 (144,850)2,122 3,544 1,345,210 1,206,257 
Net income— — — — — 116,140 116,140 
Dividends paid — $1.60 per share of common stock
— — — — — (36,782)(36,782)
Share-based compensation, net of forfeitures119 — 174 3,311 — (66)3,419 
Shares exchanged for tax withholdings(38)— (51)— — — (51)
Periodic pension costs, net of income taxes of $10
— — — — (39)— (39)
Balances as of June 30, 2025
22,987,326 $231 $(144,727)$5,433 $3,505 $1,424,502 $1,288,944 
Common StockTreasury StockAdditional Paid-in CapitalAccum.
Other
Comp.
Income (Loss)		Retained EarningsTotal
Equity
SharesAmount
For the six months ended June 30, 2024:
Balances as of December 31, 2023
23,007,681 $78 $(144,998)$14,613 $1,831 $1,171,672 $1,043,196 
Net income— — — — — 114,417 114,417 
Issuance of common stock related to stock split— 153 — (153)— — — 
Dividends paid — $1.17 per share of common stock
— — — — — (26,907)(26,907)
Share-based compensation, net of forfeitures8,373 — 4,698 (1,297)— 15 3,416 
Repurchases of common stock and related excise taxes(20,106)— (10,445)— — — (10,445)
Shares exchanged for tax withholdings(2,469)— (1,207)— — — (1,207)
Periodic pension costs, net of income taxes of $6
— — — — (21)— (21)
Balances as of March 31, 2024
22,993,479 231 (151,952)13,163 1,810 1,259,197 1,122,449 
Net income— — — — — 114,589 114,589 
Dividends paid — $1.17 per share of common stock
— — — — — (26,894)(26,894)
Share-based compensation, net of forfeitures— — — 2,700 — (58)2,642 
Repurchases of common stock and related excise taxes(10,087)— (6,344)— — — (6,344)
Periodic pension costs, net of income taxes of $5
— — — — (21)— (21)
Balances as of June 30, 2024
22,983,392 $231 $(158,296)$15,863 $1,789 $1,346,834 $1,206,421 
Stock Repurchase Program

On November 1, 2022, our 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 of directors (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 June 30, 2025, the remaining amounts authorized under the approved stock repurchase program was $178.5 million.

We did not repurchase any shares of our Common Stock during the six months ended June 30, 2025. For the six months ended June 30, 2024, we repurchased $16.6 million shares of our Common Stock.