Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

Schedule of Market Repurchase

Our authorized open market repurchase programs during the periods presented are as follows:

Effective Date	Authorized Repurchase $	Expiration Date
November 3, 2022	$50 million1	February 27, 2024
February 27, 2024	$50 million1	June 4, 2024
June 4, 2024	$50 million2	June 14, 2024
1 Repurchases made in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
2 Repurchases made in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

Schedule of Share Repurchases

Our repurchase activity is as follows:

	Six Months Ended
	June 30, 2024					June 30, 2023
	(in thousands, except share and per share data)
Program	Shares1	Total $		$ per share1		Shares1	Total $		$ per share1
Open market	1,353,564	$	100,034	$	73.90	—	$	—	$	—
Employees	42,573	3,493		82.05		19,624	1,162		59.21
Total	1,396,137	$	103,527	$	74.15	19,624	$	1,162	$	59.21
1 Reflects three-for-two stock split effective August 16, 2023.

Schedule of Dividends Payable

Our recent cash dividends are as follows:

Declaration Date	Record Date	Payment Date	Dividend per Share1	Annualized Dividend per Share1
March 1, 2023	March 13, 2023	March 31, 2023	$0.08	$0.32
May 18, 2023	June 9, 2023	June 30, 2023	$0.08	$0.32
August 18, 2023	September 8, 2023	September 29, 2023	$0.08	$0.32
November 10, 2023	November 29, 2023	December 18, 2023	$0.08	$0.32
March 5, 2024	March 18, 2024	March 29, 2024	$0.08	$0.32
May 24, 2024	June 7, 2024	June 28, 2024	$0.08	$0.32
1 Reflects three-for-two stock split effective August 16, 2023.

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the six months ended June 30, 2024 and 2023:

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
Numerator:	(in thousands, except share and per share data)
Net income	$	52,228	$	45,682	$	91,244	$	82,496
Denominator:
Basic weighted average shares3	81,791,792		81,439,691		81,339,153		81,263,523
Effect of dilutive shares related to stock based compensation1,3	1,994,430		2,029,890		2,093,715		2,002,200
Effect of dilutive shares related to contingent consideration2 ,3	—		—		94,849		212,775
Diluted weighted average shares3	83,786,222		83,469,581		83,527,717		83,478,498
Earnings per share:
Basic3	$	0.64	$	0.56	$	1.12	$	1.02
Dilutive3	$	0.62	$	0.55	$	1.09	$	0.99
Anti-dilutive shares:
Shares3	437,997		347,370		275,357		263,905
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 12)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 15)
3 Reflects three-for-two stock split effective August 16, 2023.