v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income/(loss)
Beginning balance (in shares) at Dec. 31, 2024   127,508,003      
Beginning balance at Dec. 31, 2024 $ 1,596,856 $ 1,275 $ 1,033,385 $ 673,110 $ (110,914)
Comprehensive income:          
Net income 77,133     77,133  
Other comprehensive income (loss), net of tax 15,040       15,040
Total comprehensive income 92,173     77,133 15,040
Exercise of stock options (in shares)   65,134      
Exercise of stock options 586   586    
Stock-based compensation expense (in shares)   291,738      
Stock-based compensation expense 3,647 $ 3 3,644    
Common shares returned (in shares) [1]   (22,472)      
Dividends paid (51,194)     (51,194)  
Ending balance (in shares) at Jun. 30, 2025   127,842,403      
Ending balance at Jun. 30, 2025 1,642,068 $ 1,278 1,037,615 699,049 (95,874)
Beginning balance (in shares) at Mar. 31, 2025   127,736,303      
Beginning balance at Mar. 31, 2025 1,628,955 $ 1,277 1,035,093 691,066 (98,481)
Comprehensive income:          
Net income 33,675     33,675  
Other comprehensive income (loss), net of tax 2,607       2,607
Total comprehensive income 36,282     33,675 2,607
Exercise of stock options (in shares)   62,157      
Exercise of stock options 555   555    
Stock-based compensation expense (in shares)   65,654      
Stock-based compensation expense 1,968 $ 1 1,967    
Common shares returned (in shares) [1]   (21,711)      
Dividends paid (25,692)     (25,692)  
Ending balance (in shares) at Jun. 30, 2025   127,842,403      
Ending balance at Jun. 30, 2025 $ 1,642,068 $ 1,278 1,037,615 699,049 (95,874)
Beginning balance (in shares) at Dec. 31, 2025 146,107,964 146,107,964      
Beginning balance at Dec. 31, 2025 $ 1,890,424 $ 1,461 1,270,444 689,210 (70,691)
Comprehensive income:          
Net income 104,082     104,082  
Other comprehensive income (loss), net of tax (11,906)       (11,906)
Total comprehensive income 92,176     104,082 (11,906)
Exercise of stock options (in shares)   98,685      
Exercise of stock options 1,108 $ 1 1,107    
Stock-based compensation expense (in shares)   298,744      
Stock-based compensation expense 3,924 $ 3 3,921    
Common shares returned (in shares) [1]   (108,873)      
Common shares returned [1] (1,356) $ (1) (1,355)    
Dividends paid $ (58,869)     (58,869)  
Ending balance (in shares) at Jun. 30, 2026 146,396,520 146,396,520      
Ending balance at Jun. 30, 2026 $ 1,927,407 $ 1,464 1,274,117 734,423 (82,597)
Beginning balance (in shares) at Mar. 31, 2026   146,302,025      
Beginning balance at Mar. 31, 2026 1,904,307 $ 1,463 1,271,372 710,351 (78,879)
Comprehensive income:          
Net income 53,546     53,546  
Other comprehensive income (loss), net of tax (3,718)       (3,718)
Total comprehensive income 49,828     53,546 (3,718)
Exercise of stock options (in shares)   73,683      
Exercise of stock options 865 $ 1 864    
Stock-based compensation expense (in shares)   37,764      
Stock-based compensation expense 2,117   2,117    
Common shares returned (in shares) [1]   (16,952)      
Common shares returned [1] (236)   (236)    
Dividends paid $ (29,474)     (29,474)  
Ending balance (in shares) at Jun. 30, 2026 146,396,520 146,396,520      
Ending balance at Jun. 30, 2026 $ 1,927,407 $ 1,464 $ 1,274,117 $ 734,423 $ (82,597)
[1] includes shares withheld for taxes and forfeitures