| 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, 2026 |
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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, 2025 |
|
68,169 |
|
|
$ |
682 |
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|
$ |
— |
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|
$ |
5,194,961 |
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|
$ |
5,195,643 |
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| Net earnings |
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— |
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— |
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— |
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55,309 |
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55,309 |
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| Stock-based compensation expense |
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— |
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— |
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5,860 |
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— |
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|
5,860 |
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| Issuance of stock |
|
349 |
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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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(32,017) |
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(32,017) |
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| Share repurchases |
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(1,816) |
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(18) |
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(5,857) |
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(125,151) |
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(131,026) |
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| Balance at March 31, 2026 |
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66,702 |
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$ |
667 |
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$ |
— |
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$ |
5,093,102 |
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$ |
5,093,769 |
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| Net earnings |
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— |
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— |
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— |
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90,630 |
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|
90,630 |
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| Stock-based compensation expense |
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— |
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— |
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5,822 |
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— |
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5,822 |
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| Dividends declared |
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— |
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— |
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— |
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(31,284) |
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(31,284) |
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| Share repurchases |
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(1,528) |
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(15) |
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(5,822) |
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(95,163) |
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(101,000) |
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| Balance at June 30, 2026 |
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65,174 |
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$ |
652 |
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$ |
— |
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$ |
5,057,285 |
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$ |
5,057,937 |
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| Net earnings |
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— |
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— |
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— |
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67,784 |
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67,784 |
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| Stock-based compensation expense |
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— |
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— |
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5,106 |
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— |
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5,106 |
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| Issuance of stock |
|
6 |
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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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(30,923) |
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(30,923) |
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| Share repurchases |
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(757) |
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$ |
(8) |
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$ |
(5,106) |
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|
$ |
(50,432) |
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|
$ |
(55,546) |
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| Balance at September 30, 2026 |
|
64,423 |
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$ |
644 |
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$ |
— |
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$ |
5,043,714 |
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$ |
5,044,358 |
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Nine Months Ended September 30, 2025 |
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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, 2024 |
|
71,922 |
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|
$ |
360 |
|
|
$ |
143,036 |
|
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$ |
4,998,177 |
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$ |
5,141,573 |
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| Stock Split on January 2, 2025 |
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— |
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|
360 |
|
|
(360) |
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|
— |
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— |
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| Net earnings |
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— |
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|
— |
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|
— |
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122,806 |
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|
122,806 |
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| Stock-based compensation expense |
|
— |
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|
— |
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|
6,325 |
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— |
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|
6,325 |
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| Issuance of stock |
|
514 |
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|
5 |
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(5) |
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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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(30,887) |
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|
(30,887) |
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| Share repurchases |
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(605) |
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|
(7) |
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(45,066) |
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— |
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(45,073) |
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| Balance at March 31, 2025 |
|
71,831 |
|
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$ |
718 |
|
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$ |
103,930 |
|
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$ |
5,090,096 |
|
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$ |
5,194,744 |
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| Net earnings |
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— |
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— |
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— |
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|
146,879 |
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|
146,879 |
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| Stock-based compensation expense |
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— |
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|
— |
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|
3,597 |
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— |
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|
3,597 |
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| Dividends declared |
|
— |
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|
— |
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|
— |
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(30,597) |
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(30,597) |
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| Share repurchases |
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(674) |
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|
(6) |
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(45,443) |
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|
— |
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(45,449) |
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| Balance at June 30, 2025 |
|
71,157 |
|
|
$ |
712 |
|
|
$ |
62,084 |
|
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$ |
5,206,378 |
|
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$ |
5,269,174 |
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| Net earnings |
|
— |
|
|
— |
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|
— |
|
|
99,297 |
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|
99,297 |
|
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| Stock-based compensation expense |
|
— |
|
|
— |
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|
4,858 |
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|
— |
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|
4,858 |
|
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| Issuance of stock |
|
22 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
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| Dividends declared |
|
— |
|
|
— |
|
|
— |
|
|
(30,275) |
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|
(30,275) |
|
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| Share repurchases |
|
(772) |
|
|
$ |
(8) |
|
|
$ |
(55,526) |
|
|
$ |
— |
|
|
$ |
(55,534) |
|
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| Balance at September 30, 2025 |
|
70,407 |
|
|
$ |
704 |
|
|
$ |
11,416 |
|
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$ |
5,275,400 |
|
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$ |
5,287,520 |
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