| Shareholders' Equity |
16. Shareholders’ Equity Changes to the Company's common shares outstanding were as follows (in shares):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Outstanding at beginning of period |
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61,842,493 |
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64,090,154 |
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62,589,470 |
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64,602,007 |
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Repurchases of Common Stock |
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(556,138 |
) |
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(666,359 |
) |
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(1,526,888 |
) |
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(1,368,666 |
) |
Exercise of stock options |
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2,225 |
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53,111 |
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27,329 |
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88,863 |
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Payment of stock-based restricted and performance shares |
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8,170 |
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5,085 |
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307,581 |
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272,205 |
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Shares tendered for taxes on stock-based compensation |
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(3,625 |
) |
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(2,350 |
) |
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(144,105 |
) |
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(126,195 |
) |
Other |
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— |
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— |
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39,738 |
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11,427 |
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Outstanding at end of period |
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61,293,125 |
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63,479,641 |
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61,293,125 |
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63,479,641 |
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In May 2022, the Board of Directors authorized the Company to repurchase 12,000,000 shares of Common Stock. As of September 30, 2026, 6,418,981 shares of Common Stock remained under this authority.
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