Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.23.2
STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Jun. 30, 2023
Stockholders' Equity Note [Abstract]  
Summary of Changes in Shareholders' Equity
A summary of changes in stockholders’ equity is presented below (in thousands): 
  Six Months Ended June 30, 2023
  (In thousands)
  Number of
Shares
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Total
Balance at December 31, 2022 36,571  $ 366  $ 327,878  $ 3,621,367  $ 3,949,611 
Net earnings —  —  —  131,301  131,301 
Stock-based compensation expense —  —  6,225  —  6,225 
Issuance of stock 287  (3) —  — 
Dividends declared —  —  —  (9,927) (9,927)
Share repurchases (93) (1) (9,999) —  (10,000)
Balance at March 31, 2023 36,765  $ 368  $ 324,101  $ 3,742,741  $ 4,067,210 
Net earnings —  —  —  186,836  186,836 
Stock-based compensation expense —  —  4,176  —  4,176 
Dividends declared —  —  —  (9,927) (9,927)
Balance at June 30, 2023 36,765  $ 368  $ 328,277  $ 3,919,650  $ 4,248,295 
  Six Months Ended June 30, 2022
  (In thousands)
  Number of
Shares
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Total
Balance at December 31, 2021 37,341  $ 373  $ 414,841  $ 2,629,175  $ 3,044,389 
Net earnings —  —  —  217,254  217,254 
Stock-based compensation expense —  —  5,975  —  5,975 
Issuance of stock 392  (4) —  — 
Share repurchases (1,038) (10) (99,293) —  (99,303)
Balance at March 31, 2022 36,695  $ 367  $ 321,519  $ 2,846,429  $ 3,168,315 
Net earnings —  —  —  250,084  250,084 
Stock-based compensation expense —  —  4,070  —  4,070 
Share repurchases (128) (1) (9,999) —  (10,000)
Balance at June 30, 2022 36,567  366  315,590  3,096,513  3,412,469 
During the three months ended June 30, 2023, our Board of Directors approved, and we paid, a quarterly cash dividend on common stock of $0.27 per share. Quarterly dividends declared and paid during the six months ended June 30, 2023 totaled $0.54 per share. There were no such transactions in the three and six months ended June 30, 2022.