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Stockholders' Equity
9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
Stockholders' Equity

NOTE 11 – STOCKHOLDERS’ EQUITY

Changes in stockholders’ equity for the three and nine months ended September 30, 2023 and 2022 are as follows:

 

 

 

 

Three Months Ended September 30, 2023

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Retained

 

 

Treasury Stock

 

 

Accumulated
Other
Comprehensive

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Shares

 

 

Amount

 

 

Loss

 

 

Total

 

 Balance at June 30, 2023

 

 

18,815

 

 

 

24

 

 

 

411,187

 

 

 

734,468

 

 

 

5,131

 

 

 

(266,518

)

 

 

(6,316

)

 

$

872,845

 

 Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

23,740

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

23,740

 

 Other comprehensive income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(4,053

)

 

 

(4,053

)

 Equity compensation

 

 

—

 

 

 

—

 

 

 

3,446

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,446

 

 Issuance of shares pursuant to employee stock purchase plan and vesting of restricted stock units

 

 

2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 Payments for stock buybacks

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(12

)

 

 

—

 

 

 

(12

)

 Dividends declared

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,636

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,636

)

 Balance at September 30, 2023

 

 

18,817

 

 

$

24

 

 

$

414,633

 

 

$

755,572

 

 

 

5,131

 

 

$

(266,530

)

 

$

(10,369

)

 

$

893,330

 

 

 

 

Three Months Ended September 30, 2022

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Retained

 

 

Treasury Stock

 

 

Accumulated
Other
Comprehensive

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Shares

 

 

Amount

 

 

Loss

 

 

Total

 

 Balance at June 30, 2022

 

 

18,818

 

 

$

23

 

 

$

393,224

 

 

$

680,323

 

 

 

4,887

 

 

$

(241,566

)

 

$

(12,587

)

 

$

819,417

 

 Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

19,105

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

19,105

 

 Other comprehensive loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1,555

)

 

 

(1,555

)

 Equity compensation

 

 

—

 

 

 

—

 

 

 

3,516

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,516

 

 Exercise of stock options

 

 

5

 

 

 

—

 

 

 

218

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

218

 

 Issuance of shares pursuant to employee stock purchase plan and vesting of restricted stock units

 

 

14

 

 

 

—

 

 

 

4

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

 Payments for stock buybacks

 

 

(3

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3

 

 

 

(330

)

 

 

—

 

 

 

(330

)

 Dividends declared

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,636

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,636

)

 Balance at September 30, 2022

 

 

18,834

 

 

$

23

 

 

$

396,962

 

 

$

696,792

 

 

 

4,890

 

 

$

(241,896

)

 

$

(14,142

)

 

$

837,739

 

 

 

 

Nine Months Ended September 30, 2023

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Retained

 

 

Treasury Stock

 

 

Accumulated
Other
Comprehensive

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Shares

 

 

Amount

 

 

Loss

 

 

Total

 

 Balance at December 31, 2022

 

 

18,883

 

 

$

23

 

 

$

401,957

 

 

$

703,030

 

 

 

4,906

 

 

$

(243,666

)

 

$

(8,133

)

 

$

853,211

 

 Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

60,450

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

60,450

 

 Other comprehensive income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,236

)

 

 

(2,236

)

 Equity compensation

 

 

—

 

 

 

—

 

 

 

10,134

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

10,134

 

 Exercise of stock options

 

 

8

 

 

 

—

 

 

 

278

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

278

 

 Issuance of shares pursuant to employee stock purchase plan and vesting of restricted stock units

 

 

151

 

 

 

1

 

 

 

2,264

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,265

 

 Payments for stock buybacks

 

 

(225

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

225

 

 

 

(22,864

)

 

 

—

 

 

 

(22,864

)

 Dividends declared

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(7,908

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(7,908

)

Balance at September 30, 2023

 

 

18,817

 

 

$

24

 

 

$

414,633

 

 

$

755,572

 

 

 

5,131

 

 

$

(266,530

)

 

$

(10,369

)

 

$

893,330

 

 

 

 

 

Nine Months Ended September 30, 2022

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Retained

 

 

Treasury Stock

 

 

Accumulated
Other
Comprehensive

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Earnings

 

 

Shares

 

 

Amount

 

 

Loss

 

 

Total

 

 Balance at December 31, 2021

 

 

18,876

 

 

$

23

 

 

$

384,984

 

 

$

649,298

 

 

 

4,659

 

 

$

(219,800

)

 

$

(11,035

)

 

$

803,470

 

 Net income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

55,364

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

55,364

 

 Other comprehensive loss

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(3,107

)

 

 

(3,107

)

 Equity compensation

 

 

—

 

 

 

—

 

 

 

10,023

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

10,023

 

 Exercise of stock options

 

 

13

 

 

 

—

 

 

 

412

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

412

 

 Issuance of shares pursuant to employee stock purchase plan and vesting of restricted stock units

 

 

176

 

 

 

—

 

 

 

1,543

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,543

 

 Payments for stock buybacks

 

 

(231

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

231

 

 

 

(22,096

)

 

 

—

 

 

 

(22,096

)

 Dividends declared

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(7,870

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(7,870

)

 Balance at September 30, 2022

 

 

18,834

 

 

$

23

 

 

$

396,962

 

 

$

696,792

 

 

 

4,890

 

 

$

(241,896

)

 

$

(14,142

)

 

$

837,739