Earnings Per Share (“EPS”), Stock Repurchases and Dividends |
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share (“EPS”), Stock Repurchases and Dividends | Earnings Per Share (“EPS”), Stock Repurchases and Dividends EPS
Basic EPS is computed by dividing net earnings by the weighted average number of shares of common stock outstanding during each period. The computation of diluted EPS includes the dilutive effect of outstanding stock-based compensation awards (which primarily consist of employee stock options, restricted stock units, and performance-based restricted stock units). Stock Repurchases On February 20, 2025, the Company announced that its Board of Directors (the “Board”) approved a stock repurchase program that allows the Company to purchase up to $75 million of its outstanding common stock through March 4, 2027, subject to market conditions. As of March 31, 2026, the Company has repurchased approximately $39 million under the program. The Company retires its common stock upon repurchase with the excess over par value allocated to additional paid-in capital. Dividends The Company declared and paid a quarterly dividend of $0.09 per share of its common stock during the three months ended March 31, 2026. Subsequent to quarter end, the Company’s Board declared a cash dividend of $0.09 per share of common stock payable on June 2, 2026 to stockholders of record as of the close of business on May 19, 2026.
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