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Equity
 9 Months Ended
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:SharesAmount
September 30, 2023— $— 
June 30, 2023— $— 
March 31, 2023— — 
December 31, 202287 $11,403 
September 30, 2022158 $21,033 
June 30, 2022731 $84,884 
March 31, 202285 $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):
DeclarationRecordPaymentDividendDividends
DateDateDatePer ShareDeclared
August 30, 2023October 2, 2023October 13, 2023$0.08 $12,430 
May 23, 2023July 3, 2023July 14, 2023$0.08 $11,893 
March 29, 2023April 10, 2023April 18, 2023$0.08 $12,100 
December 13, 2022January 3, 2023January 13, 2023$0.08 $11,756 
August 31, 2022October 3, 2022October 14, 2022$0.07 $10,322 
May 27, 2022July 1, 2022July 15, 2022$0.07 $10,283 
March 30, 2022April 11, 2022April 18, 2022$0.07 $10,459