v3.26.1
Common Stock (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Declared Dividends Per Share
The Company declared dividends per common share, including DERs (Note 11), during the periods presented as follows:
Dividends per Common Share
Amount
(in thousands)
2026:
Second Quarter$0.255 $15,508 
First Quarter0.255 15,595 
Total dividends declared in 2026$0.510 $31,103 
2025:
Fourth Quarter$0.235 $14,112 
Third Quarter0.235 14,388 
Second Quarter0.235 14,298 
First Quarter0.235 14,576 
Total dividends declared in 2025$0.940 $57,374 
Schedule of Share Repurchase Activity
The Company's share repurchase activity for the periods presented was as follows:
Three months ended June 30,Six months ended June 30,
(in thousands, except share and per share amounts)2026202520262025
Shares repurchased in the open market:
Shares repurchased 182,231 412,462 288,239 953,406 
Average price$87.94 $62.73 $90.21 $65.56 
Aggregate value
$16,026 $25,872 $26,003 $62,509 
Shares repurchased from Magnus:
Shares repurchased— 935,907 — 935,907 
Average price (1)
$— $66.78 $— $66.78 
Aggregate value$— $62,500 $— $62,500 
Total shares repurchased:
Shares repurchased182,231 1,348,369 288,239 1,889,313 
Average price$87.94 $65.54 $90.21 $66.17 
Aggregate value$16,026 $88,372 $26,003 $125,009 
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(1) In accordance with the share repurchase agreements, shares purchased from Magnus are accrued for at the same weighted average price as those purchased on the open market, as if the purchase from Magnus had occurred on the same day. As such, the average price of Magnus repurchases during any given period will differ from open market repurchases due to the settlement of the previously recorded share repurchase liability, as well as open market purchases made after the completion of the Magnus share repurchase agreements.