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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2025
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
February 27, 2025 |  | $100 million |  | ** 3
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.
3 Expiration Date is at Board’s discretion. The Company is authorized to effectuate repurchases of the Company’s common stock on terms and conditions approved in advance by the Board. As of September 30, 2025, approximately $30.0 million of shares have been repurchased, and approximately $70.0 million remains under the current board authorization.
Schedule of Share Repurchases | Our repurchase activity is as follows:
|  | Nine Months Ended
|  | September 30, 2025 |  | September 30, 2024
|  | (in thousands, except share and per share data)
Program |  | Shares |  | Total $ |  | $ per share |  | Shares |  | Total $ |  | $ per share
Open market |  | 371,139 |  |  | $ | 29,992 |  |  | $ | 80.81 |  |  | 1,353,564 |  |  | $ | 100,034 |  |  | $ | 73.90 |
LTIP shares 1 |  | 93,176 |  |  | 9,300 |  |  | 99.81 |  |  | 87,981 |  |  | 7,455 |  |  | 84.73 |
Total |  | 464,315 |  |  | $ | 39,292 |  |  | $ | 84.62 |  |  | 1,441,545 |  |  | $ | 107,489 |  |  | $ | 74.57 |
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 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
November 13, 2024 | November 29, 2024 | December 19, 2024 | $0.08 | $0.32
March 5, 2025 | March 18, 2025 | March 28, 2025 | $0.10 | $0.40
May 13, 2025 | June 6, 2025 | June 27, 2025 | $0.10 | $0.40
August 14, 2025 | September 5, 2025 | September 26, 2025 | $0.10 | $0.40
Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the nine months ended September 30, 2025 and 2024:
| Three Months Ended |  | Nine Months Ended
| September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Numerator: | (in thousands, except share and per share data)
Net income | $ | 30,782 |  |  | $ | 52,625 |  |  | $ | 75,561 |  |  | $ | 143,869 |
Denominator: |  |  |  |  |  |  |
Basic weighted average shares | 81,543,105 |  |  | 81,089,476 |  |  | 81,485,914 |  |  | 81,448,413 |
Effect of dilutive shares related to stock based compensation 1 | 1,408,944 |  |  | 2,017,601 |  |  | 1,600,944 |  |  | 2,068,574 |
Effect of dilutive shares related to contingent consideration 2 | — |  |  | — |  |  | — |  |  | 63,002 |
Diluted weighted average shares | 82,952,049 |  |  | 83,107,077 |  |  | 83,086,858 |  |  | 83,579,989 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 0.38 |  |  | $ | 0.65 |  |  | $ | 0.93 |  |  | $ | 1.77 |
Diluted | $ | 0.37 |  |  | $ | 0.63 |  |  | $ | 0.91 |  |  | $ | 1.72 |
Anti-dilutive shares: |  |  |  |  |  |  |
Shares | 775,914 |  |  | 385,756 |  |  | 543,850 |  |  | 312,157 |
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 14)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 17)

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