Stockholders' Equity |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Federal Home Loan Banks [Abstract] | |
| Stockholders' Equity | (14) Stockholders’ Equity Share Repurchase Program On July 25, 2011, the Company’s Board of Directors approved a share repurchase program for the repurchase of up to an aggregate of $200 of its outstanding common stock from time to time in open market purchases, privately negotiated transactions or through other appropriate means. The timing and quantity of any shares repurchased will depend upon a variety of factors, including business conditions, stock market conditions and business development activities, including, but not limited to, merger and acquisition opportunities. These repurchases may be commenced, suspended or discontinued at any time without prior notice. Any repurchased shares are held by the Company as authorized but unissued shares. During the six months ended June 30, 2025, the Company repurchased approximately 0.5 shares of its common stock for total consideration of $45. During the three months ended June 30, 2025 and the three and six months ended June 30, 2024, there were no repurchases of common stock. The Company has repurchased approximately 3.1 shares of common stock for approximately $172 pursuant to the program since its adoption. Cash Dividends Holders of the Company’s common stock are entitled to receive dividends when and if they are declared by the Company’s Board of Directors. During each of the first and second quarters of 2025 and 2024, the Company’s Board of Directors declared a cash dividend of $0.22 per share, each of which totaled $30 for both the six months ended June 30, 2025 and 2024. On August 4, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.22 per share to be paid on September 5, 2025 to stockholders of record as of August 25, 2025. Future dividend declarations, if any, as well as the record and payment dates for such dividends, are subject to the final determination of the Company’s Board of Directors. |