v3.26.1
Equity
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Equity Disclosures EQUITY
Stock Repurchase Program
In February 2022, our Board of Directors (the “Board”) approved a $200.0 million increase to our previously authorized stock repurchase program, pursuant to which we may purchase up to $550.0 million of shares of our common stock through
open market transactions, privately negotiated transactions or otherwise in accordance with applicable laws. During the three and six months ended June 30, 2026, we did not repurchase any shares of our common stock. During the three and six months ended June 30, 2025, we repurchased 367,568 shares of our common stock at a total cost, including commissions and excise taxes, of $20.6 million and 409,253 shares of our common stock at a total cost, including commissions and excise taxes, of $23.6 million, respectively, to be held as treasury stock. A total of 3,656,592 shares of our common stock has been repurchased since our stock repurchase program commenced in 2018. As of June 30, 2026, we may purchase up to $157.3 million of shares of our common stock under our stock repurchase program.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Numerator (in thousands):
Net income (Numerator for basic and diluted earnings per share)$26,984 $31,533 $29,144 $35,527 
Denominator:
       Basic weighted average shares outstanding23,201,571 23,221,565 23,191,411 23,308,534 
       Effect of dilutive securities:
Stock-based compensation units77,982 43,497 56,635 56,423 
      Diluted weighted average shares outstanding23,279,553 23,265,062 23,248,046 23,364,957 
Basic earnings per share$1.16 $1.36 $1.26 $1.52 
Diluted earnings per share$1.16 $1.36 $1.25 $1.52 
Antidilutive non-vested restricted stock units excluded from calculations of diluted earnings per share6,864 39,700 29,622 16,340