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Capital Stock
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Capital Stock Capital Stock
Preferred Stock - The Company has authorized 100,000 shares of $50 par value 4.5% cumulative preferred nonvoting stock which is callable at $52.50. There were 71,340 shares issued and 52,998 shares held in treasury at both September 30, 2025, and December 31, 2024. The Treasury shares at cost line in the unaudited Condensed Consolidated Balance Sheets includes $1.8 million related to preferred stock. There were no shares of preferred stock purchased and subsequently held in treasury during the nine months ended September 30, 2025, or 2024. The Company has also authorized 1,000,000 shares of $10 par value second cumulative preferred voting stock. No shares have been issued as of September 30, 2025, or December 31, 2024.
Common Stock - The Company has authorized 180,000,000 shares of no par value common stock. There were 62,081,391 shares issued as of September 30, 2025, and December 31, 2024. No new shares were issued during the nine months ended September 30, 2025, or 2024. There were 39,152,061 and 39,260,080 shares outstanding at September 30, 2025, and December 31, 2024, respectively.
Treasury Shares - The Company's 2024 stock repurchase program authorizes up to $200.0 million to repurchase MSA common stock in the open market and in private transactions. The stock repurchase program has no expiration date. The maximum number of shares that may be repurchased is calculated based on the dollars remaining under the program and the respective month-end closing share price. During the nine months ended September 30, 2025, and 2024, the Company repurchased 248,768 and 108,917 shares, respectively, under this and the prior stock repurchase program. There were 22,929,330 and 22,821,311 treasury shares at September 30, 2025, and December 31, 2024, respectively.
The Company issues treasury shares for all stock-based benefit plans. Shares are issued from treasury at the average treasury share cost on the date of the transaction. There were 202,502 and 141,618 Treasury shares issued for these purposes during the nine months ended September 30, 2025, and 2024, respectively.
Common stock activity is summarized as follows:
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
(In thousands)Common
Stock
Treasury
Cost(a)
Common
Stock
Treasury
Cost(a)
Balance at beginning of period$336,175 $(442,123)$320,556 $(376,556)
Stock compensation expense3,351 — 4,217 — 
Restricted and performance stock awards(278)278 (275)275 
Stock options exercised8 6 111 57 
Treasury shares purchased for stock compensation programs— (1,150)— (571)
Share repurchase program— — — (10,027)
Balance at end of period$339,256 $(442,989)$324,609 $(386,822)
(a)Excludes treasury cost related to preferred stock.
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
(In thousands)Common
Stock
Treasury
Cost(a)
Common
Stock
Treasury
Cost(a)
Balance at beginning of period$329,953 $(396,604)$312,324 $(361,684)
Stock compensation expense11,350 — 13,446 — 
Restricted and performance stock awards(3,285)3,285 (2,058)2,058 
Stock options exercised303 208 323 171 
Treasury shares purchased for stock compensation programs— (10,030)— (7,400)
Employee stock purchase program935 147 574 60 
Share repurchase program— (39,995)— (20,027)
Balance at end of period$339,256 $(442,989)$324,609 $(386,822)
(a)Excludes treasury cost related to preferred stock.