STOCKHOLDERS' EQUITY |
STOCKHOLDERS’ EQUITY
A summary of changes in stockholders’ equity is presented below (in thousands):
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Nine Months Ended September 30, 2021 |
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(In thousands) |
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Number of Shares |
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Common Stock |
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Additional Paid-In Capital |
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Retained Earnings |
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Total |
Balance at December 31, 2020 |
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37,512 |
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$ |
375 |
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$ |
455,762 |
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$ |
1,891,731 |
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$ |
2,347,868 |
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Net earnings |
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— |
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— |
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— |
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131,843 |
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131,843 |
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Stock-based compensation expense |
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— |
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— |
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5,367 |
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— |
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5,367 |
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Issuance of stock |
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435 |
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4 |
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(4) |
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— |
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— |
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Share repurchases |
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(100) |
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(1) |
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(8,384) |
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— |
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(8,385) |
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Balance at March 31, 2021 |
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37,847 |
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$ |
378 |
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$ |
452,741 |
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$ |
2,023,574 |
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$ |
2,476,693 |
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Net earnings |
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— |
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— |
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— |
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167,389 |
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167,389 |
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Stock-based compensation expense |
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— |
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— |
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3,223 |
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— |
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3,223 |
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Share repurchases |
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(200) |
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(2) |
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(19,159) |
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— |
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(19,161) |
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Balance at June 30, 2021 |
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37,647 |
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$ |
376 |
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$ |
436,805 |
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$ |
2,190,963 |
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$ |
2,628,144 |
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Net earnings |
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— |
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— |
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— |
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200,752 |
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200,752 |
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Stock-based compensation expense |
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— |
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— |
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5,845 |
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— |
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5,845 |
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Issuance of stock |
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3 |
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— |
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— |
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— |
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— |
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Share repurchases |
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(95) |
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— |
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(9,471) |
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— |
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(9,471) |
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Balance at September 30, 2021 |
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$ |
37,555 |
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$ |
376 |
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$ |
433,179 |
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$ |
2,391,715 |
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$ |
2,825,270 |
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Nine Months Ended September 30, 2020 |
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(In thousands) |
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Number of Shares |
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Common Stock |
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Additional Paid-In Capital |
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Retained Earnings |
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Total |
Balance at December 31, 2019 |
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38,199 |
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$ |
382 |
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$ |
505,352 |
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$ |
1,468,256 |
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$ |
1,973,990 |
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Net earnings |
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— |
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— |
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— |
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71,152 |
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71,152 |
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Stock-based compensation expense |
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— |
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— |
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6,437 |
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— |
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6,437 |
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Issuance of stock |
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398 |
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4 |
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(4) |
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— |
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— |
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Share repurchases |
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(1,000) |
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(10) |
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(60,803) |
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— |
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(60,813) |
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Balance at March 31, 2020 |
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37,597 |
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$ |
376 |
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$ |
450,982 |
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$ |
1,539,408 |
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$ |
1,990,766 |
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Net earnings |
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— |
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— |
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— |
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90,678 |
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90,678 |
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Stock-based compensation expense |
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— |
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— |
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3,157 |
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— |
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3,157 |
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Issuance of stock |
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6 |
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1 |
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(1) |
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— |
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— |
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Balance at June 30, 2020 |
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37,603 |
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$ |
377 |
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$ |
454,138 |
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$ |
1,630,086 |
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$ |
2,084,601 |
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Net earnings |
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— |
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— |
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— |
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109,118 |
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109,118 |
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Stock-based compensation expense |
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— |
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— |
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6,130 |
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— |
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6,130 |
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Issuance of stock |
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9 |
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— |
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— |
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— |
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— |
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Balance at September 30, 2020 |
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37,612 |
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$ |
377 |
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$ |
460,268 |
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$ |
1,739,204 |
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$ |
2,199,849 |
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