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Capital Stock (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Common Stock Activity
Common stock activity is summarized as follows:
Three Months Ended September 30, 2023Three Months Ended September 30, 2022
(In thousands)Common
Stock
Treasury
Cost(a)
Common
Stock
Treasury
Cost(a)
Balance at beginning of period$294,364 $(362,025)$267,645 $(359,314)
Stock compensation expense8,477 — 2,967 — 
Restricted and performance stock awards(15)15 (103)103 
Stock options exercised591 307 2,501 1,364 
Treasury shares purchased for stock compensation programs— (70)— (59)
Share repurchase program— — — (2,150)
Balance at end of period$303,417 $(361,773)$273,010 $(360,056)
(a)Excludes treasury cost related to preferred stock.
Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022
(In thousands)Common
Stock
Treasury
Cost(a)
Common
Stock
Treasury
Cost(a)
Balance at beginning of period$281,980 $(359,838)$260,121 $(328,776)
Stock compensation expense21,506 — 11,325 — 
Restricted and performance stock awards(1,449)1,449 (1,564)1,564 
Stock options exercised948 492 2,704 1,459 
Treasury shares purchased for stock compensation programs— (3,941)— (3,990)
Employee stock purchase program432 65 424 62 
Share repurchase program— — — (30,375)
Balance at end of period$303,417 $(361,773)$273,010 $(360,056)
(a)Excludes treasury cost related to preferred stock.