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Capital Stock
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Capital Stock

(10) CAPITAL STOCK

Treasury Stock

As of September 30, 2025, we had a remaining authorization to repurchase up to approximately $839.5 million of our common stock. In third quarter 2025, we repurchased 1.6 million shares at an aggregate cost of $56.3 million ($56.8 million including the 1% excise tax). In first nine months 2025 we repurchased 4.9 million shares at an aggregate cost of $176.6 million ($178.1 million including the 1% excise tax).The following is a schedule of the change in treasury shares based on settlement date for the three and nine months ended September 30, 2025:

 

Three Months Ended
September 30, 2025

 

 

Nine Months Ended September 30, 2025

 

Beginning balance

 

30,045,000

 

 

 

26,766,065

 

Rabbi Trust shares distributed/sold

 

 

 

 

(1,065

)

Shares repurchased

 

1,580,711

 

 

 

4,860,711

 

Ending balance

 

31,625,711

 

 

 

31,625,711