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Capital Stock | 12 Months Ended
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Dec. 31, 2025
Equity [Abstract] |
Capital Stock | Capital Stock Common Stock Changes in outstanding common stock were as follows:
(In thousands of shares) | 2025 |  | 2024 |  | 2023
Outstanding, beginning of year | 111,669 |  |  | 111,669 |  |  | 111,452 |
Shares issued for time vested restricted stock (net of forfeitures) | — |  |  | — |  |  | 129 |
Shares issued for employee stock purchase plan | — |  |  | — |  |  | 88 |
Shares cancelled | (21,535) |  |  | — |  |  | — |
Outstanding, end of year | 90,134 |  |  | 111,669 |  |  | 111,669 |
Outstanding shares of common stock include shares held as treasury stock totaling 5,616,798, 25,114,978 and 26,471,738 as of December 31, 2025, 2024 and 2023, respectively. Treasury Stock Changes in treasury stock were as follows:
(In thousands of shares) | 2025 |  | 2024 |  | 2023
Outstanding, beginning of year | 25,115 |  |  | 26,472 |  |  | 21,751 |
Shares purchased under our Repurchase Program | 3,039 |  |  | — |  |  | 6,523 |
Shares purchased for employee stock options, restricted stock and employee stock purchase plan | 283 |  |  | 529 |  |  | 577 |
Shares reissued for employee stock options, restricted stock and employee stock purchase plan | (1,285) |  |  | (1,886) |  |  | (2,379) |
Shares cancelled | (21,535) |  |  | — |  |  | — |
Outstanding, end of year | 5,617 |  |  | 25,115 |  |  | 26,472 |
During 2025, 2024 and 2023, we purchased shares surrendered in lieu of taxes upon vesting of restricted shares for an aggregate cost of $2.3 million, $4.5 million and $2.2 million, respectively. Repurchase Program Our Board of Directors has authorized a securities repurchase program available for repurchases of our common stock. In April 2025, our Board of Directors increased the remaining authorization under the repurchase program to $100.0 million. Our repurchase program authorizes us to purchase outstanding shares of our common stock in the open market or as otherwise determined by management, subject to certain limitations under the Credit Facility (as defined in Note 6) and other factors. The repurchase program has no specific term. Repurchases are expected to be funded from operating cash flows, available cash on hand, and borrowings under our Credit Facility. As part of the share repurchase program, our management has been authorized to establish trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934. During 2025, we repurchased an aggregate of 3.0 million shares of our common stock under the repurchase program for a cost of $20.4 million. Due to restrictions associated with the Fluids Systems sale process and other events, no shares of common stock were repurchased under the repurchase program during 2024. As of December 31, 2025, we had $91.7 million of authorization remaining under the program. Preferred Stock We are authorized to issue up to 1,000,000 shares of preferred stock, $0.01 par value. There were no outstanding shares of preferred stock as of December 31, 2025, 2024 or 2023.

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