v3.26.3
STOCKHOLDERS' EQUITY
9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Share Repurchases
On February 26, 2025, the Company announced that its Board of Directors approved a $125.0 million share repurchase program. Purchases of the Company’s common stock under the share repurchase program may be made in the open market, including pursuant to a Rule 10b5-1 program, by block repurchases, in private transactions (including with related parties) or otherwise, from time to time, depending on market conditions. The share repurchase program has no expiration date and may be suspended or discontinued at any time without notice, subject to any changes in applicable law or regulations thereunder.
During the three and nine months ended September 30, 2026, the Company repurchased 547,785 shares of common stock in open market transactions for gross consideration of $25.0 million, which represents an average cost per share of $45.64. As of September 30, 2026, $96.0 million remained available of the $125.0 million share repurchase program authorized in February 2025.
Accumulated Other Comprehensive Income (Loss)
The following table shows the changes in balances for accumulated other comprehensive income (loss), net of tax (in thousands):
Currency Translation Adjustments
Pension Liability Adjustments(1)
Unrealized gain (loss) on cash flow hedges(2)
Total
Balance as of December 31, 2025$(16,259)$(41,432)$(59)$(57,750)
Other comprehensive income (loss)(3,725)— 273 (3,452)
Reclassified from accumulated other comprehensive loss— — 97 97 
Income tax expense— — (91)(91)
Net current period other comprehensive income (loss)(3,725)— 279 (3,446)
Foreign exchange rate impact(811)811 — — 
Balance as of March 31, 2026
$(20,795)$(40,621)$220 $(61,196)
Other comprehensive income (loss)9,037 — (213)8,824 
Reclassified from accumulated other comprehensive loss— — 39 39 
Income tax benefit— — 43 43 
Net current period other comprehensive income (loss)9,037 — (131)8,906 
Foreign exchange rate impact263 (263)— — 
Balance as of June 30, 2026
$(11,495)$(40,884)$89 $(52,290)
Other comprehensive income (loss)3,520 — (308)3,212 
Income tax benefit— — 55 55 
Net current period other comprehensive income (loss)3,520 — (253)3,267 
Foreign exchange rate impact72 (72)— — 
Balance as of September 30, 2026
$(7,903)$(40,956)$(164)$(49,023)
______________________
(1)Reclassification of amounts related to pension liability adjustments are included as a component of net periodic pension cost.
(2)Reclassification of amounts related to cash flow hedges are included as operating expenses.