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, 2022 |
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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, 2021 |
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37,341 |
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$ |
373 |
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$ |
414,841 |
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$ |
2,629,175 |
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$ |
3,044,389 |
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Net earnings |
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— |
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— |
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— |
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217,254 |
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217,254 |
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Stock-based compensation expense |
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— |
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— |
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5,975 |
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— |
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5,975 |
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Issuance of stock |
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392 |
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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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(1,038) |
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(10) |
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(99,293) |
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— |
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(99,303) |
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Balance at March 31, 2022 |
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36,695 |
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$ |
367 |
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$ |
321,519 |
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$ |
2,846,429 |
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$ |
3,168,315 |
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Net earnings |
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— |
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— |
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— |
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250,084 |
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250,084 |
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Stock-based compensation expense |
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— |
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— |
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4,070 |
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— |
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4,070 |
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Share repurchases |
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(128) |
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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 June 30, 2022 |
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36,567 |
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$ |
366 |
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$ |
315,590 |
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$ |
3,096,513 |
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$ |
3,412,469 |
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Net earnings |
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— |
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— |
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— |
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262,489 |
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262,489 |
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Stock-based compensation expense |
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— |
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— |
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6,852 |
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— |
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6,852 |
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Issuance of stock |
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4 |
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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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— |
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— |
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— |
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— |
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— |
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Balance at September 30, 2022 |
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36,571 |
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$ |
366 |
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$ |
322,442 |
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$ |
3,359,002 |
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$ |
3,681,810 |
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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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— |
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376 |
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— |
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436,805 |
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— |
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2,190,963 |
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— |
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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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