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v3.25.2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Common Shares | Additional Paid-In Capital | Accumulated Other Comprehensive Loss | Retained Earnings | Treasury Stock
--- | --- | --- | --- | --- | --- | ---
Balance, beginning of period at Dec. 31, 2023 |  | $ 1,599 | $ 1,299,869 | $ (280,496) | $ 4,081,578 | $ 0
Changes in Stockholders' Equity |  |  |  |  |  |
Issuance of management incentive shares |  | 8 | (8) |  |  |
Forfeiture of management incentive shares |  | (1) | 1 |  |  |
Cancellation of treasury stock |  | (10) | (35,539) |  |  | 35,549
Dividends and dividend equivalents declared |  |  | 803 |  | (59,993) |
Stock-based compensation expense |  |  | 13,792 |  |  |
Other comprehensive income (loss) | $ (27,141) |  |  | (27,141) |  |
Net income |  |  |  |  | 385,328 |
Treasury stock acquired |  |  |  |  |  | (35,549)
Balance, end of period at Jun. 30, 2024 | 5,379,790 | 1,596 | 1,278,918 | (307,637) | 4,406,913 | 0
Balance, beginning of period at Mar. 31, 2024 |  | 1,601 | 1,293,424 | (302,262) | 4,233,391 | 0
Changes in Stockholders' Equity |  |  |  |  |  |
Issuance of management incentive shares |  | 1 | (1) |  |  |
Forfeiture of management incentive shares |  | 0 | 0 |  |  |
Cancellation of treasury stock |  | (6) | (21,991) |  |  | 21,997
Dividends and dividend equivalents declared |  |  | 514 |  | (30,087) |
Stock-based compensation expense |  |  | 6,972 |  |  |
Other comprehensive income (loss) | (5,375) |  |  | (5,375) |  |
Net income |  |  |  |  | 203,609 |
Treasury stock acquired |  |  |  |  |  | (21,997)
Balance, end of period at Jun. 30, 2024 | 5,379,790 | 1,596 | 1,278,918 | (307,637) | 4,406,913 | 0
Balance, beginning of period at Dec. 31, 2024 | 5,603,658 | 1,575 | 1,214,956 | (303,984) | 4,691,111 | 0
Changes in Stockholders' Equity |  |  |  |  |  |
Issuance of management incentive shares |  | 8 | (8) |  |  |
Forfeiture of management incentive shares |  | (1) | 1 |  |  |
Cancellation of treasury stock |  | (89) | (340,223) |  |  | 340,312
Dividends and dividend equivalents declared |  |  | 669 |  | (63,199) |
Stock-based compensation expense |  |  | 12,942 |  |  |
Other comprehensive income (loss) | 88,318 |  |  | 88,318 |  |
Net income |  |  |  |  | 370,772 |
Treasury stock acquired |  |  |  |  |  | (340,312)
Balance, end of period at Jun. 30, 2025 | 5,672,848 | 1,493 | 888,337 | (215,666) | 4,998,684 | 0
Balance, beginning of period at Mar. 31, 2025 |  | 1,537 | 1,055,340 | (232,246) | 4,834,675 | 0
Changes in Stockholders' Equity |  |  |  |  |  |
Issuance of management incentive shares |  | 0 | 0 |  |  |
Forfeiture of management incentive shares |  | 0 | 0 |  |  |
Cancellation of treasury stock |  | (44) | (171,417) |  |  | 171,461
Dividends and dividend equivalents declared |  |  | 464 |  | (31,330) |
Stock-based compensation expense |  |  | 3,950 |  |  |
Other comprehensive income (loss) | 16,580 |  |  | 16,580 |  |
Net income |  |  |  |  | 195,339 |
Treasury stock acquired |  |  |  |  |  | (171,461)
Balance, end of period at Jun. 30, 2025 | $ 5,672,848 | $ 1,493 | $ 888,337 | $ (215,666) | $ 4,998,684 | $ 0

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