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STOCKHOLDERS' EQUITY
9 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
A summary of changes in stockholders’ equity is presented below (in thousands): 
 Nine Months Ended September 30, 2024
 (In thousands)
 Number of
Shares
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Total
Balance at December 31, 202336,425 $364 $290,955 $4,320,581 $4,611,900 
Net earnings— — — 186,016 186,016 
Stock-based compensation expense— — 6,114 — 6,114 
Issuance of stock256 (3)— — 
Dividends declared— — — (27,239)(27,239)
Share repurchases(362)(4)(56,214)— (56,218)
Balance at March 31, 202436,319 $363 $240,852 $4,479,358 $4,720,573 
Net earnings— — — 231,555 231,555 
Stock-based compensation expense— — 4,718 — 4,718 
Issuance of stock— — — — 
Dividends declared— — — (27,245)(27,245)
Share repurchases— — — — — 
Capped call transactions, net of tax— — (47,067)— (47,067)
Balance at June 30, 202436,327 $363 $198,503 $4,683,668 $4,882,534 
Net earnings— — — 195,966 195,966 
Stock-based compensation expense— — 8,473 — 8,473 
Issuance of stock— — — — 
Dividends declared— — — (27,135)(27,135)
Share repurchases(151)(1)(30,047)— (30,048)
Balance at September 30, 202436,180 $362 $176,929 $4,852,499 $5,029,790 
 Nine Months Ended September 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)
Share repurchases— — — — — 
Balance at June 30, 202336,765 368 328,277 3,919,650 4,248,295 
Net earnings— — — 221,760 221,760 
Stock-based compensation expense— — 6,156 — 6,156 
Dividends declared— — — (9,841)(9,841)
Issuance of stock— — — — 
Share repurchases(319)(4)(45,324)— (45,328)
Balance at September 30, 202336,450 $364 $289,109 $4,131,569 $4,421,042 
During the three months ended September 30, 2024 and 2023, our Board of Directors approved, and we paid, a quarterly cash dividend on common stock of $0.75 and $0.27 per share, respectively. Quarterly dividends declared and paid during the nine months ended September 30, 2024 and 2023, totaled $2.25 and $0.81 per share, respectively. During the three and nine months ended September 30, 2024 and 2023, we reflected the applicable excise tax on share repurchases in Additional paid-in capital as part of the cost basis of the stock repurchased and recorded a corresponding liability in Accrued liabilities on the accompanying unaudited consolidated balance sheets.