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Equity | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Equity | 13. EQUITY: Stock Repurchases Quanta repurchased the following shares of common stock in the open market under stock repurchase programs (in thousands):
Quarter ended: |  | Shares |  | Amount
September 30, 2022 |  | 158 |  |  | $ | 21,033 |
June 30, 2022 |  | 731 |  |  | $ | 84,884 |
March 31, 2022 |  | 85 |  |  | $ | 10,426 |
December 31, 2021 |  | — |  |  | $ | — |
September 30, 2021 |  | 185 |  |  | $ | 16,828 |
June 30, 2021 |  | 314 |  |  | $ | 29,450 |
March 31, 2021 |  | 222 |  |  | $ | 17,710 |
Quanta’s policy is to record a stock repurchase as of the trade date of the transaction; however, the payment of cash related to the repurchase is made on the settlement date of the transaction. During the three months ended September 30, 2022 and 2021, cash payments related to stock repurchases were $20.8 million and $17.8 million and during the nine months ended September 30, 2022 and 2021, cash payments related to stock repurchases were $115.1 million and $66.7 million. Repurchases may be implemented through open market repurchases or privately negotiated transactions, at management’s discretion, based on market and business conditions, applicable contractual and legal requirements, including restrictions under Quanta’s senior credit facility, and other factors. Quanta is not obligated to acquire any specific amount of common stock, and the repurchase program may be modified or terminated by Quanta’s Board of Directors at any time at its sole discretion and without notice. Dividends Quanta declared and paid the following cash dividends and cash dividend equivalents during 2021 and the first nine months of 2022 (in thousands, except per share amounts):
Declaration |  | Record |  | Payment |  | Dividend |  | Dividends
Date |  | Date |  | Date |  | Per Share |  | Declared
August 31, 2022 |  | October 3, 2022 |  | October 14, 2022 |  | $ | 0.07 |  |  | $ | 10,322 |
May 27, 2022 |  | July 1, 2022 |  | July 15, 2022 |  | $ | 0.07 |  |  | $ | 10,283 |
March 30, 2022 |  | April 11, 2022 |  | April 18, 2022 |  | $ | 0.07 |  |  | $ | 10,459 |
December 1, 2021 |  | January 4, 2022 |  | January 14, 2022 |  | $ | 0.07 |  |  | $ | 10,363 |
August 27, 2021 |  | October 1, 2021 |  | October 15, 2021 |  | $ | 0.06 |  |  | $ | 8,638 |
May 27, 2021 |  | July 1, 2021 |  | July 15, 2021 |  | $ | 0.06 |  |  | $ | 8,650 |
March 25, 2021 |  | April 6, 2021 |  | April 15, 2021 |  | $ | 0.06 |  |  | $ | 8,429 |

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