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Equity | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Equity | 11. EQUITY: Stock Repurchases On May 23, 2023, Quanta’s Board of Directors approved a new stock repurchase program that authorizes Quanta to purchase, from time to time through June 30, 2026, up to $500 million of its outstanding common stock. The new stock repurchase program became effective on July 1, 2023, upon expiration of Quanta’s previous stock repurchase program. Quanta repurchased the following shares of common stock in the open market under its stock repurchase program (in thousands):
Quarter ended: |  | Shares |  | Amount
September 30, 2023 |  | — |  |  | $ | — |
June 30, 2023 |  | — |  |  | $ | — |
March 31, 2023 |  | — |  |  | — |
December 31, 2022 |  | 87 |  |  | $ | 11,403 |
September 30, 2022 |  | 158 |  |  | $ | 21,033 |
June 30, 2022 |  | 731 |  |  | $ | 84,884 |
March 31, 2022 |  | 85 |  |  | $ | 10,426 |
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 and nine months ended September 30, 2023, Quanta did not make any cash payments related to stock repurchases. During the three and nine months ended September 30, 2022, cash payments related to stock repurchases were $20.8 million and $115.1 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 2022 and the first nine months of 2023 (in thousands, except per share amounts):
Declaration |  | Record |  | Payment |  | Dividend |  | Dividends
Date |  | Date |  | Date |  | Per Share |  | Declared
August 30, 2023 |  | October 2, 2023 |  | October 13, 2023 |  | $ | 0.08 |  |  | $ | 12,430 |
May 23, 2023 |  | July 3, 2023 |  | July 14, 2023 |  | $ | 0.08 |  |  | $ | 11,893 |
March 29, 2023 |  | April 10, 2023 |  | April 18, 2023 |  | $ | 0.08 |  |  | $ | 12,100 |
December 13, 2022 |  | January 3, 2023 |  | January 13, 2023 |  | $ | 0.08 |  |  | $ | 11,756 |
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 |

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