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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2024
Stockholders' Equity Note [Abstract] |
Schedule of Market Repurchase | Our authorized open market repurchase programs during the periods presented are as follows:
Effective Date |  | Authorized Repurchase $ |  | Expiration Date
November 3, 2022 |  | $50 million 1 |  | February 27, 2024
February 27, 2024 |  | $50 million 1 |  | June 4, 2024
June 4, 2024 |  | $50 million 2 |  | June 14, 2024
1 Repurchases made in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
2 Repurchases made in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
Schedule of Share Repurchases | Our repurchase activity is as follows:
|  | Nine Months Ended
|  | September 30, 2024 |  | September 30, 2023
|  | (in thousands, except share and per share data)
Program |  | Shares |  | Total $ |  | $ per share |  | Shares |  | Total $ |  | $ per share
Open market |  | 1,353,564 |  |  | $ | 100,034 |  |  | $ | 73.90 |  |  | 402,873 |  |  | $ | 25,009 |  |  | $ | 62.08 |
LTIP shares 1 |  | 87,981 |  |  | 7,455 |  |  | 84.73 |  |  | 20,218 |  |  | 1,202 |  |  | 59.45 |
Total |  | 1,441,545 |  |  | $ | 107,489 |  |  | $ | 74.57 |  |  | 423,091 |  |  | $ | 26,211 |  |  | $ | 61.95 |
1 Includes stock repurchased for payment of statutory tax withholding and/or stock repurchased to cover the strike price of stock options.
Schedule of Dividends Payable | Our recent cash dividends are as follows:
Declaration Date | Record Date | Payment Date | Dividend per Share | Annualized Dividend per Share
March 1, 2023 | March 13, 2023 | March 31, 2023 | $0.08 | $0.32
May 18, 2023 | June 9, 2023 | June 30, 2023 | $0.08 | $0.32
August 18, 2023 | September 8, 2023 | September 29, 2023 | $0.08 | $0.32
November 10, 2023 | November 29, 2023 | December 18, 2023 | $0.08 | $0.32
March 5, 2024 | March 18, 2024 | March 29, 2024 | $0.08 | $0.32
May 24, 2024 | June 7, 2024 | June 28, 2024 | $0.08 | $0.32
August 15, 2024 | September 6, 2024 | September 27, 2024 | $0.08 | $0.32
Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the nine months ended September 30, 2024 and 2023:
| Three Months Ended |  | Nine Months Ended
| September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023
Numerator: | (in thousands, except share and per share data)
Net income | $ | 52,625 |  |  | $ | 48,078 |  |  | $ | 143,869 |  |  | $ | 130,574 |
Denominator: |  |  |  |  |  |  |
Basic weighted average shares | 81,089,476 |  |  | 81,418,800 |  |  | 81,448,413 |  |  | 81,140,473 |
Effect of dilutive shares related to stock based compensation 1 | 2,017,601 |  |  | 1,974,254 |  |  | 2,068,574 |  |  | 1,993,664 |
Effect of dilutive shares related to contingent consideration 2 | — |  |  | — |  |  | 63,002 |  |  | 141,071 |
Diluted weighted average shares | 83,107,077 |  |  | 83,393,054 |  |  | 83,579,989 |  |  | 83,275,208 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 0.65 |  |  | $ | 0.59 |  |  | $ | 1.77 |  |  | $ | 1.61 |
Dilutive | $ | 0.63 |  |  | $ | 0.58 |  |  | $ | 1.72 |  |  | $ | 1.57 |
Anti-dilutive shares: |  |  |  |  |  |  |
Shares | 385,756 |  |  | 360,408 |  |  | 312,157 |  |  | 296,072 |
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 13)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 16)

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