v3.26.1
Stockholders' Equity
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stockholders' Equity

10. Stockholders Equity

Share Repurchase Program

On February 19, 2026, the Company’s Board of Directors authorized the repurchase of up to $100.0 million of the Company’s common stock through transactions on the open market, in privately negotiated purchases, or otherwise until February 18, 2027. The repurchase program may be suspended or discontinued at any time. To date the Company has not made any repurchases under this program.

Dividends

In February 2011, the Company’s Board of Directors approved a policy for the payment of quarterly cash dividends on its common stock. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors on a quarterly basis. The dividend activity for the periods presented is as follows:

 

Record Date

 

Payment Date

 

Per Share Amount

 

 

Dividend Payment

 

 

 

 

 

 

 

(in thousands)

 

Fiscal Year 2026

 

 

 

 

 

 

 

 

March 12, 2026

 

March 26, 2026

 

$

0.25

 

 

$

5,711

 

Fiscal Year 2025

 

 

 

 

 

 

 

 

March 13, 2025

 

March 27, 2025

 

$

0.20

 

 

$

4,517

 

May 15, 2025

 

May 29, 2025

 

$

0.20

 

 

$

4,520

 

August 21, 2025

 

September 4, 2025

 

$

0.20

 

 

$

4,535

 

November 20, 2025

 

December 4, 2025

 

$

0.20

 

 

$

4,538

 

 

On April 28, 2026, the Company’s Board of Directors approved a quarterly cash dividend on its common stock of $0.25 per share payable on June 4, 2026, to stockholders of record at the close of business on May 21, 2026.