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Share Repurchase Plan | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Share Repurchase Plan | NOTE 14. SHARE REPURCHASE PLAN On February 25, 2025, the Board approved the New Share Repurchase Program that authorizes repurchases of up to an aggregate of $100 million of outstanding Company Common Stock. In connection with the New Share Repurchase Program, all share repurchase plans previously authorized by the board of directors of Dril-Quip have been terminated. The New Share Repurchase Program does not require us to repurchase a specific number of shares or have an expiration date. Any shares repurchased under the New Share Repurchase Program will be cancelled. During the six months ended June 30, 2025, the Company purchased 624,531 shares at an average price of $14.89 under the New Share Repurchase Program for approximately $9.3 million and has retired such shares. As of June 30, 2025, the Company had remaining authorization to repurchase up to approximately $90.7 million of its shares.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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