XML 58 R47.htm IDEA: XBRL DOCUMENT v3.25.3
Stockholders' Equity (Tables)
9 Months Ended
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 DateAuthorized Repurchase $Expiration Date
November 3, 2022
$50 million1
February 27, 2024
February 27, 2024
$50 million1
June 4, 2024
June 4, 2024
$50 million2
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, 2025September 30, 2024
(in thousands, except share and per share data)
ProgramSharesTotal $$ per shareSharesTotal $$ per share
Open market371,139 $29,992 $80.81 1,353,564 $100,034 $73.90 
LTIP shares1
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 DateRecord DatePayment DateDividend
per Share
 Annualized Dividend
per Share
March 5, 2024March 18, 2024March 29, 2024$0.08$0.32
May 24, 2024June 7, 2024June 28, 2024$0.08$0.32
August 15, 2024September 6, 2024September 27, 2024$0.08$0.32
November 13, 2024November 29, 2024December 19, 2024$0.08$0.32
March 5, 2025March 18, 2025March 28, 2025$0.10$0.40
May 13, 2025June 6, 2025June 27, 2025$0.10$0.40
August 14, 2025September 5, 2025September 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 EndedNine 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 compensation1
1,408,944 2,017,601 1,600,944 2,068,574 
Effect of dilutive shares related to contingent consideration2
— — — 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)