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Earnings per Share (Notes)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings per Share
Net income is divided by the weighted average number of common shares outstanding during the period to calculate basic earnings per share. Diluted earnings per share is calculated to give effect to RSUs and stock options. The following table summarizes the dilutive effect of RSUs and stock options on common stock for the nine months ended September 30, 2025 and 2024:
Three months ended September 30, Nine months ended September 30,
2025202420252024
Weighted average common shares—basic40,650,933 40,612,413 40,634,527 40,776,583 
Dilutive effect of restricted stock units462,389 334,158 369,633 312,625 
Weighted average common shares—diluted41,113,322 40,946,571 41,004,160 41,089,208 
Anti-dilutive shares excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2025, were 900,000 and 326,986 shares, respectively. There were no anti-dilutive shares for the three and nine months ended September 30, 2024.
In March 2020, the Company announced its Board of Directors had authorized the Company to increase the purchase of its common stock up to $250 million in the aggregate. During the three months ended September 30, 2025, no shares were purchased. In the nine months ended September 30, 2025, the Company purchased 106,220 shares of its outstanding common stock for $2.3 million. During the three and nine months ended September 30, 2024, the Company purchased 99,130 and 771,067 shares of its outstanding common stock for $2.4 million and $19.3 million, respectively. As of September 30, 2025, the Company had $65.4 million remaining under the repurchase authorization.
Holders of common stock are entitled to dividends at the discretion of the Company's Board of Directors. In 2021, the Company's Board of Directors declared the first dividend since the Company's initial public offering in 2007. During the three and nine months ended September 30, 2025, the Company's quarterly cash dividends declared were $0.04 per share of common stock and total dividends declared and paid on common shares were $1.7 million and $5.0 million, respectively. In the three and nine months ended September 30, 2024, the Company's quarterly cash dividends declared were $0.04 per share of common stock and total dividends declared and paid on common shares were $1.7 million and $5.0 million, respectively.