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Capital Stock
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Capital Stock

(10) CAPITAL STOCK

Treasury Stock

As of March 31, 2025, we had a remaining authorization to repurchase up to approximately $948.6 million of our common stock. In first quarter 2025, we repurchased 1.8 million shares at an aggregate cost of $67.5 million ($67.9 million including the 1% excise tax). In addition, we repurchased 1,100 shares of our common stock ($44,000) traded in March but settled in April. The following is a schedule of the change in treasury shares based on settlement date for the three months ended March 31, 2025:

 

Three Months Ended
March 31, 2025

 

Beginning balance

 

26,766,065

 

Rabbi trust shares distributed/sold

 

 

Shares repurchased

 

1,825,462

 

Ending balance

 

28,591,527