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STOCKHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2023
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
A summary of changes in stockholders’ equity is presented below (in thousands): 
 Six Months Ended June 30, 2023
 (In thousands)
 Number of
Shares
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Total
Balance at December 31, 202236,571 $366 $327,878 $3,621,367 $3,949,611 
Net earnings— — — 131,301 131,301 
Stock-based compensation expense— — 6,225 — 6,225 
Issuance of stock287 (3)— — 
Dividends declared— — — (9,927)(9,927)
Share repurchases(93)(1)(9,999)— (10,000)
Balance at March 31, 202336,765 $368 $324,101 $3,742,741 $4,067,210 
Net earnings— — — 186,836 186,836 
Stock-based compensation expense— — 4,176 — 4,176 
Dividends declared— — — (9,927)(9,927)
Balance at June 30, 202336,765 $368 $328,277 $3,919,650 $4,248,295 
 Six Months Ended June 30, 2022
 (In thousands)
 Number of
Shares
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Total
Balance at December 31, 202137,341 $373 $414,841 $2,629,175 $3,044,389 
Net earnings— — — 217,254 217,254 
Stock-based compensation expense— — 5,975 — 5,975 
Issuance of stock392 (4)— — 
Share repurchases(1,038)(10)(99,293)— (99,303)
Balance at March 31, 202236,695 $367 $321,519 $2,846,429 $3,168,315 
Net earnings— — — 250,084 250,084 
Stock-based compensation expense— — 4,070 — 4,070 
Share repurchases(128)(1)(9,999)— (10,000)
Balance at June 30, 202236,567 366 315,590 3,096,513 3,412,469 
During the three months ended June 30, 2023, our Board of Directors approved, and we paid, a quarterly cash dividend on common stock of $0.27 per share. Quarterly dividends declared and paid during the six months ended June 30, 2023 totaled $0.54 per share. There were no such transactions in the three and six months ended June 30, 2022.