Quarterly report [Sections 13 or 15(d)]

STOCKHOLDERS' EQUITY

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STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
A summary of changes in stockholders’ equity is presented below (in thousands):
Six Months Ended June 30, 2026
(In thousands)
Number of
Shares		 Common
Stock		 Additional
Paid-In
Capital		 Retained
Earnings		 Total
Balance at December 31, 2025 68,169  $ 682  $ —  $ 5,194,961  $ 5,195,643 
Net earnings —  —  —  55,309  55,309 
Stock-based compensation expense —  —  5,860  —  5,860 
Issuance of stock 349  3  (3) —  — 
Dividends declared —  —  —  (32,017) (32,017)
Share repurchases (1,816) (18) (5,857) (125,151) (131,026)
Balance at March 31, 2026 66,702  $ 667  $ —  $ 5,093,102  $ 5,093,769 
Net earnings —  —  —  90,630  90,630 
Stock-based compensation expense —  —  5,822  —  5,822 
Dividends declared —  —  —  (31,284) (31,284)
Share repurchases (1,528) (15) (5,822) (95,163) (101,000)
Balance at June 30, 2026 65,174  $ 652  $ —  $ 5,057,285  $ 5,057,937 

Six Months Ended June 30, 2025
(In thousands)
Number of
Shares		 Common
Stock		 Additional
Paid-In
Capital		 Retained
Earnings		 Total
Balance at December 31, 2024 71,922  $ 360  $ 143,036  $ 4,998,177  $ 5,141,573 
Stock Split on January 2, 2025 —  360  (360) —  — 
Net earnings —  —  —  122,806  122,806 
Stock-based compensation expense —  —  6,325  —  6,325 
Issuance of stock 514  5  (5) —  — 
Dividends declared —  —  —  (30,887) (30,887)
Share repurchases (605) (7) (45,066) —  (45,073)
Balance at March 31, 2025 71,831  $ 718  $ 103,930  $ 5,090,096  $ 5,194,744 
Net earnings —  —  —  146,879  146,879 
Stock-based compensation expense —  —  3,597  —  3,597 
Dividends declared —  —  —  (30,597) (30,597)
Share repurchases (674) (6) (45,443) —  (45,449)
Balance at June 30, 2025 71,157  $ 712  $ 62,084  $ 5,206,378  $ 5,269,174 
During the three months ended June 30, 2026 and 2025, our Board of Directors approved, and we paid, a quarterly cash dividend on common stock of $0.48 and $0.43 per share, respectively. Quarterly dividends declared and paid during the six months ended June 30, 2026 and 2025, totaled $0.96 and $0.86 per share, respectively. During the three and six months ended June 30, 2026 and 2025, we reflected the applicable excise tax on share repurchases in Additional paid-in capital as part of the cost basis of the stock repurchased and recorded a corresponding liability in Accrued and other liabilities on the accompanying unaudited consolidated balance sheets.