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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Summary of Share Count and Par Value Data Related to Shareholders' Equity

Share count and par value data related to shareholders’ equity are as follows:

 

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Preferred Stock

 

 

 

 

 

 

Par value per share

 

No par value

 

 

No par value

 

Shares authorized

 

 

25,000,000

 

 

 

25,000,000

 

Shares outstanding

 

 

 

 

 

 

Common Stock

 

 

 

 

 

 

Par value per share

 

No par value

 

 

No par value

 

Shares authorized

 

 

75,000,000

 

 

 

75,000,000

 

Shares issued

 

 

57,541,018

 

 

 

57,444,228

 

Shares outstanding

 

 

30,649,099

 

 

 

30,824,248

 

Treasury stock

 

 

 

 

 

 

Shares held

 

 

26,891,919

 

 

 

26,619,980

 

Summary of Common Shares Outstanding

A roll-forward of common shares outstanding is as follows:

 

 

 

Three months ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2024

 

 

2023

 

Balance at the beginning of the year

 

 

30,824,248

 

 

 

31,680,890

 

Repurchases

 

 

(271,939

)

 

 

(198,271

)

Restricted share issuances

 

 

96,790

 

 

 

98,536

 

Balance at the end of the period

 

 

30,649,099

 

 

 

31,581,155