Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY

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STOCKHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
A summary of changes in stockholders’ equity is presented below (in thousands): 
  Nine Months Ended September 30, 2023
  (In thousands)
  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  $ 3,949,611 
Net earnings —  —  —  131,301  131,301 
Stock-based compensation expense —  —  6,225  —  6,225 
Issuance of stock 287  3  (3) —  — 
Dividends declared —  —  —  (9,927) (9,927)
Share repurchases (93) (1) (9,999) —  (10,000)
Balance at March 31, 2023 36,765  $ 368  $ 324,101  $ 3,742,741  $ 4,067,210 
Net earnings —  —  —  186,836  186,836 
Stock-based compensation expense —  —  4,176  —  4,176 
Dividends declared —  —  —  (9,927) (9,927)
Balance at June 30, 2023 36,765  $ 368  $ 328,277  $ 3,919,650  $ 4,248,295 
Net earnings —  —  —  221,760  221,760 
Stock-based compensation expense —  —  6,156  —  6,156 
Dividends declared —  —  —  (9,841) (9,841)
Issuance of stock 4  —  —  —  — 
Share repurchases (319) (4) (45,324) —  (45,328)
Balance at September 30, 2023 36,450  $ 364  $ 289,109  $ 4,131,569  $ 4,421,042 
  Nine Months Ended September 30, 2022
  (In thousands)
  Number of
Shares		 Common
Stock		 Additional
Paid-In
Capital		 Retained
Earnings		 Total
Balance at December 31, 2021 37,341  $ 373  $ 414,841  $ 2,629,175  $ 3,044,389 
Net earnings —  —  —  217,254  217,254 
Stock-based compensation expense —  —  5,975  —  5,975 
Issuance of stock 392  4  (4) —  — 
Share repurchases (1,038) (10) (99,293) —  (99,303)
Balance at March 31, 2022 36,695  $ 367  $ 321,519  $ 2,846,429  $ 3,168,315 
Net earnings —  —  —  250,084  250,084 
Stock-based compensation expense —  —  4,070  —  4,070 
Share repurchases (128) (1) (9,999) —  (10,000)
Balance at June 30, 2022 36,567  $ 366  $ 315,590  $ 3,096,513  $ 3,412,469 
Net earnings —  —  —  262,489  262,489 
Stock-based compensation expense —  —  6,852  —  6,852 
Issuance of stock 4  —  —  —  — 
Balance at September 30, 2022 36,571  $ 366  $ 322,442  $ 3,359,002  $ 3,681,810 
During the three months ended September 30, 2023, our Board of Directors approved, and we paid, a quarterly cash dividend on common stock of $0.27 per share. Quarterly dividends declared and paid during the nine months ended September 30, 2023 totaled $0.81 per share. There were no such transactions in the three and nine months ended September 30, 2022. The Inflation Reduction Act of 2022 ("IRA"), which was enacted into law on August 16, 2022, imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022. During the three and nine months ended September 30, 2023, we reflected the applicable excise tax in Additional paid-in capital as part of the cost basis of the stock repurchased and recorded a corresponding liability for the excise taxes payable in Accrued liabilities on the accompanying unaudited consolidated balance sheets.