STOCKHOLDERS’ EQUITY |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| STOCKHOLDERS' EQUITY | STOCKHOLDERS' EQUITY During the three months ended September 30, 2026, the Company paid $87.2 million, or $0.1825 per share, in cash and stock dividends compared to $80.1 million, or $0.1650 per share, during the same period in 2025. During the nine months ended September 30, 2026, the Company paid $263.3 million, or $0.5475 per share, in cash and stock dividends compared to $239.5 million, or $0.4950 per share, during the same period in 2025. The Company withholds shares from employees for the payment of their taxes on equity awards that have vested. The Company withheld an immaterial amount in connection with employee tax obligations during the three month periods ended September 30, 2026 and 2025, respectively. The Company withheld $22.9 million and $14.9 million in connection with employee tax obligations during the nine month periods ended September 30, 2026 and 2025, respectively. Share Repurchases During the three and nine months ended September 30, 2026, the Company paid $120.0 million and $140.0 million, respectively, in open market share repurchases. The Company did not repurchase shares on the open market in 2025. As we repurchase our common stock, we reduce common stock for par value of the shares repurchased, with the excess of the purchase price over par value recorded as a reduction to additional paid-in capital and retained earnings. Stock Compensation The following table summarizes the components of the Company’s stock-based compensation programs, including time-lapsed restricted share awards, performance share unit awards, and employee stock purchase plan, recorded as expense:
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