Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

v3.23.1
STOCKHOLDERS' EQUITY (Tables)
 3 Months Ended
Mar. 31, 2023
Stockholders' Equity Note [Abstract]  
Summary of Changes in Shareholders' Equity
A summary of changes in stockholders’ equity is presented below (in thousands): 
  Three Months Ended March 31, 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  (3) —  — 
Dividends declared —  —  —  (9,927) (9,927)
Repurchase of shares (93) (1) (9,999) —  (10,000)
Balance at March 31, 2023 36,765  $ 368  $ 324,101  $ 3,742,741  $ 4,067,210 

  Three Months Ended March 31, 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  (4) —  — 
Repurchase of shares (1,038) (10) (99,293) —  (99,303)
Balance at March 31, 2022 36,695  $ 367  $ 321,519  $ 2,846,429  $ 3,168,315 
On February 16, 2023, our Board of Directors approved the initiation of a recurring quarterly cash dividend on common stock of $0.27 per share. The first dividend was paid on March 31, 2023 to shareholders of record as of the close of trading on March 15, 2023.