XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.24.3

Common Stock (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Equity [Abstract] |
Schedule of Declared Dividends Per Share | The Company declared dividends per common share, including DERs (Note 11), during the periods presented as follows:
|  | Dividends per Common Share |  | Amount (in thousands)
2024: |  |  |  |
Third Quarter |  | $ | 0.215 |  |  | $ | 13,787 |
Second Quarter |  | 0.215 |  |  | 13,873 |
First Quarter |  | 0.215 |  |  | 14,155 |
Total dividends declared in 2024 |  | $ | 0.645 |  |  | $ | 41,815 |
2023: |  |  |  |
Fourth Quarter |  | $ | 0.195 |  |  | $ | 12,941 |
Third Quarter |  | 0.195 |  |  | 13,098 |
Second Quarter |  | 0.195 |  |  | 13,667 |
First Quarter |  | 0.195 |  |  | 13,629 |
Total dividends declared in 2023 |  | $ | 0.780 |  |  | $ | 53,335 |
Schedule of Share Repurchase Activity | The Company's share repurchase activity for the periods presented was as follows:
|  | Three months ended September 30, |  | Nine months ended September 30,
(in thousands, except share and per share amounts) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Shares repurchased in the open market: |  |  |  |  |  |  |  |
Shares repurchased |  | 493,040 |  |  | 1,153,400 |  |  | 1,627,793 |  |  | 1,982,289 |
Average price |  | $ | 65.96 |  |  | $ | 56.28 |  |  | $ | 64.70 |  |  | $ | 52.98 |
Aggregate value |  | $ | 32,522 |  |  | $ | 64,918 |  |  | $ | 105,323 |  |  | $ | 105,030 |
Shares repurchased from Magnus: |  |  |  |  |  |  |  |
Shares repurchased |  | 587,520 |  |  | — |  |  | 587,520 |  |  | 2,168,528 |
Average price (1) |  | $ | 63.83 |  |  | $ | — |  |  | $ | 63.83 |  |  | $ | 46.11 |
Aggregate value |  | $ | 37,499 |  |  | $ | — |  |  | $ | 37,499 |  |  | $ | 100,001 |
Total shares repurchased: |  |  |  |  |  |  |  |
Shares repurchased |  | 1,080,560 |  |  | 1,153,400 |  |  | 2,215,313 |  |  | 4,150,817 |
Average price |  | $ | 64.80 |  |  | $ | 56.28 |  |  | $ | 64.47 |  |  | $ | 49.40 |
Aggregate value (2) |  | $ | 70,021 |  |  | $ | 64,918 |  |  | $ | 142,822 |  |  | $ | 205,031 |
___________________________________ (1) In accordance with the share repurchase agreements, shares purchased from Magnus are accrued for at the same weighted average price as those purchased on the open market, as if the purchase from Magnus had occurred on the same day. As such, the average price of Magnus repurchases during any given period will differ from open market repurchases due to the settlement of the previously recorded share repurchase liability, as well as open market purchases made after the completion of the Magnus share repurchase agreements. (2) Includes $0.5 million and $2.0 million related to shares repurchased not settled as of the nine months ended September 30, 2024 and 2023, respectively.

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration