v3.26.1
Changes in Equity
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Changes in Equity Changes in Equity
A reconciliation of the changes in equity for the three and six months ended June 30, 2026 and 2025 is provided below:
Three Months Ended June 30, 2026
(in thousands)Common
Stock		Additional
Paid-in
Capital
Retained Earnings
Accumulated
Other
Comprehensive
Loss		Noncontrolling
Interests		Total
Equity
Balance - March 31, 2026$52,615 $1,137,499 $55,008 $(31,023)$50,912 $1,265,011 
Net income— — 65,742 — 18,326 84,068 
Other comprehensive loss— — — (1,110)(369)(1,479)
Share-based compensation— 4,976 — — — 4,976 
Issuance of common stock, net91 (4,227)— — — (4,136)
Dividends— — (3,329)— — (3,329)
Repurchase of common stock(137)(2,971)(6,924)— — (10,032)
Balance - June 30, 2026$52,569 $1,135,277 $110,497 $(32,133)$68,869 $1,335,079 
Six Months Ended June 30, 2026
(in thousands)Common
Stock		Additional
Paid-in
Capital
Retained Earnings
Accumulated
Other
Comprehensive
Loss		Noncontrolling
Interests		Total
Equity
Balance - December 31, 2025$52,791 $1,148,634 $46,443 $(29,234)$44,028 $1,262,662 
Net income— — 91,438 — 32,158 123,596 
Other comprehensive loss— — — (2,899)(811)(3,710)
Share-based compensation— 7,108 — — — 7,108 
Issuance of common stock, net193 (11,446)— — — (11,253)
Dividends— — (6,659)— — (6,659)
Repurchase of common stock(415)(9,019)(20,725)— — (30,159)
Contributions from noncontrolling interests— — — — 4,994 4,994 
Distributions to noncontrolling interests— — — — (11,500)(11,500)
Balance - June 30, 2026$52,569 $1,135,277 $110,497 $(32,133)$68,869 $1,335,079 
Three Months Ended June 30, 2025
(in thousands)Common
Stock		Additional
Paid-in
Capital		Retained Earnings (Deficit)Accumulated
Other
Comprehensive
Loss		Noncontrolling
Interests		Total
Equity
Balance - March 31, 2025$52,703 $1,142,299 $(2,577)$(32,190)$27,362 $1,187,597 
Net income— — 19,974 — 27,112 47,086 
Other comprehensive income— — — 1,946 1,316 3,262 
Share-based compensation— 2,984 — — — 2,984 
Issuance of common stock, net40 — — — — 40 
Contributions from noncontrolling interests— — — — 7,500 7,500 
Distributions to noncontrolling interests— — — — (8,650)(8,650)
Balance - June 30, 2025$52,743 $1,145,283 $17,397 $(30,244)$54,640 $1,239,819 
Six Months Ended June 30, 2025
(in thousands)Common
Stock		Additional
Paid-in
Capital		Retained Earnings (Deficit)Accumulated
Other
Comprehensive
Loss		Noncontrolling
Interests		Total
Equity
Balance - December 31, 2024$52,486 $1,146,800 $(30,575)$(33,988)$23,883 $1,158,606 
Net income— — 47,972 — 41,863 89,835 
Other comprehensive income— — — 3,744 1,794 5,538 
Share-based compensation— 3,851 — — — 3,851 
Issuance of common stock, net257 (5,368)— — — (5,111)
Contributions from noncontrolling interests— — — — 7,500 7,500 
Distributions to noncontrolling interests— — — — (20,400)(20,400)
Balance - June 30, 2025$52,743 $1,145,283 $17,397 $(30,244)$54,640 $1,239,819 
Dividends
Total dividends declared in the three and six months ended June 30, 2026 amounted to $3.3 million ($0.06 per share) and $6.7 million ($0.12 per share), respectively, including $0.2 million and $0.3 million, respectively of accrued dividend equivalent rights relating to unvested share-based awards that are payable when the awards vest.
Share Repurchases
In November 2025, the Company’s Board of Directors authorized a $200 million share repurchase program. During the three and six months ended June 30, 2026, the Company repurchased 137,374 and 414,952 shares of its common stock on the open market for $10 million and $30 million at an average price of $72.78 and $72.28 per share, respectively, under the repurchase program. As of June 30, 2026, the Company also accrued $0.2 million for applicable excise tax on share repurchases in excess of issuances. As of June 30, 2026, $170 million of the authorization was available for repurchases.