| SHAREHOLDERS' EQUITY |
9. SHAREHOLDERS’ EQUITY The change in shareholders’ equity for the first three and six months of 2026 and 2025 is shown below (in thousands): | | | | | | | | | | | | Three Months Ended March 31, | | Six Months Ended March 31, | | | 2026 | | 2025 | | 2026 | | 2025 | Common stock | | | | | | | | | | Beginning balance | | $ | 309 | | 309 | | 309 | | 308 | Stock plans | | | 1 | | — | | 1 | | 1 | Ending balance | | $ | 310 | | 309 | | 310 | | 309 | | | | | | | | | | | Additional paid-in-capital | | | | | | | | | | Beginning balance | | $ | 308,929 | | 308,143 | | 316,194 | | 311,942 | Stock plans | | | 3,375 | | 3,295 | | (3,890) | | (504) | Ending balance | | $ | 312,304 | | 311,438 | | 312,304 | | 311,438 | | | | | | | | | | | Retained earnings | | | | | | | | | | Beginning balance | | $ | 1,400,530 | | 1,104,359 | | 1,373,911 | | 1,082,950 | Net earnings common stockholders | | | 34,733 | | 31,033 | | 63,424 | | 54,506 | Dividends paid | | | (2,071) | | (2,066) | | (4,143) | | (4,130) | Ending balance | | $ | 1,433,192 | | 1,133,326 | | 1,433,192 | | 1,133,326 | | | | | | | | | | | Accumulated other comprehensive income (loss) | | | | | | | | | | Beginning balance | | $ | (1,829) | | (28,803) | | (2,468) | | (10,775) | Foreign currency translation | | | (11,482) | | 8,133 | | (10,843) | | (9,895) | Ending balance | | $ | (13,311) | | (20,670) | | (13,311) | | (20,670) | | | | | | | | | | | Treasury stock | | | | | | | | | | Beginning balance | | $ | (147,075) | | (147,075) | | (147,075) | | (147,075) | Share repurchases | | | — | | — | | — | | — | Ending balance | | $ | (147,075) | | (147,075) | | (147,075) | | (147,075) | | | | | | | | | | | Total equity | | $ | 1,585,420 | | 1,277,328 | | 1,585,420 | | 1,277,328 |
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