| Summary of Changes in Shareholders' Equity |
A summary of changes in stockholders’ equity is presented below (in thousands):
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Nine Months Ended September 30, 2024 |
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(In thousands) |
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|
Number of
Shares |
|
Common
Stock |
|
Additional
Paid-In
Capital |
|
Retained
Earnings |
|
Total |
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| Balance at December 31, 2023 |
|
36,425 |
|
|
$ |
364 |
|
|
$ |
290,955 |
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|
$ |
4,320,581 |
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|
$ |
4,611,900 |
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| Net earnings |
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— |
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— |
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— |
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|
186,016 |
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|
186,016 |
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| Stock-based compensation expense |
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— |
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— |
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|
6,114 |
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— |
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|
6,114 |
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| Issuance of stock |
|
256 |
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3 |
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(3) |
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— |
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— |
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| Dividends declared |
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— |
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— |
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— |
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(27,239) |
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(27,239) |
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| Share repurchases |
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(362) |
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(4) |
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(56,214) |
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— |
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(56,218) |
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| Balance at March 31, 2024 |
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36,319 |
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$ |
363 |
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$ |
240,852 |
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$ |
4,479,358 |
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$ |
4,720,573 |
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| Net earnings |
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— |
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— |
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— |
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|
231,555 |
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|
231,555 |
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| Stock-based compensation expense |
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— |
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— |
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4,718 |
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— |
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|
4,718 |
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| Issuance of stock |
|
8 |
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— |
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— |
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— |
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— |
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| Dividends declared |
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— |
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— |
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— |
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|
(27,245) |
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|
(27,245) |
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| Share repurchases |
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— |
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— |
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— |
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— |
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— |
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| Capped call transactions, net of tax |
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— |
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— |
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(47,067) |
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— |
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(47,067) |
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| Balance at June 30, 2024 |
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36,327 |
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$ |
363 |
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$ |
198,503 |
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$ |
4,683,668 |
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$ |
4,882,534 |
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| Net earnings |
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— |
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— |
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— |
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|
195,966 |
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|
195,966 |
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| Stock-based compensation expense |
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— |
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— |
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8,473 |
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— |
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8,473 |
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| Issuance of stock |
|
4 |
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— |
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— |
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— |
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— |
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| Dividends declared |
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— |
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— |
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— |
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(27,135) |
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(27,135) |
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| Share repurchases |
|
(151) |
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(1) |
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(30,047) |
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— |
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(30,048) |
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| Balance at September 30, 2024 |
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36,180 |
|
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$ |
362 |
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$ |
176,929 |
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$ |
4,852,499 |
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$ |
5,029,790 |
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Nine Months Ended September 30, 2023 |
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(In thousands) |
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| |
|
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 |
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$ |
3,949,611 |
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| Net earnings |
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— |
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— |
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|
— |
|
|
131,301 |
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|
131,301 |
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| Stock-based compensation expense |
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— |
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— |
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|
6,225 |
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— |
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|
6,225 |
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| Issuance of stock |
|
287 |
|
|
3 |
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(3) |
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— |
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— |
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| Dividends declared |
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— |
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— |
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— |
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(9,927) |
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(9,927) |
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| Share repurchases |
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(93) |
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(1) |
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(9,999) |
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— |
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(10,000) |
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| Balance at March 31, 2023 |
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36,765 |
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$ |
368 |
|
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$ |
324,101 |
|
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$ |
3,742,741 |
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$ |
4,067,210 |
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| Net earnings |
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— |
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|
— |
|
|
— |
|
|
186,836 |
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|
186,836 |
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| Stock-based compensation expense |
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— |
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|
— |
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|
4,176 |
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— |
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|
4,176 |
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| Dividends declared |
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— |
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|
— |
|
|
— |
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|
(9,927) |
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|
(9,927) |
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| Share repurchases |
|
— |
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— |
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— |
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— |
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— |
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| Balance at June 30, 2023 |
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36,765 |
|
|
368 |
|
|
328,277 |
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|
3,919,650 |
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|
4,248,295 |
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| Net earnings |
|
— |
|
|
— |
|
|
— |
|
|
221,760 |
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|
221,760 |
|
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| Stock-based compensation expense |
|
— |
|
|
— |
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|
6,156 |
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|
— |
|
|
6,156 |
|
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| Dividends declared |
|
— |
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|
— |
|
|
— |
|
|
(9,841) |
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|
(9,841) |
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| Issuance of stock |
|
4 |
|
|
— |
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|
— |
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|
— |
|
|
— |
|
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| Share repurchases |
|
(319) |
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|
(4) |
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|
(45,324) |
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|
— |
|
|
(45,328) |
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| Balance at September 30, 2023 |
|
36,450 |
|
|
$ |
364 |
|
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$ |
289,109 |
|
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$ |
4,131,569 |
|
|
$ |
4,421,042 |
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