Stockholders' Equity (Tables)

9 Months Ended

Sep. 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:

	Nine Months Ended
	September 30, 2024					September 30, 2023
	(in thousands, except share and per share data)
Program	Shares	Total $		$ per share		Shares	Total $		$ per share
Open market	1,353,564	$	100,034	$	73.90	402,873	$	25,009	$	62.08
LTIP shares1	87,981	7,455		84.73		20,218	1,202		59.45
Total	1,441,545	$	107,489	$	74.57	423,091	$	26,211	$	61.95
1 Includes stock repurchased for payment of statutory tax withholding and/or stock repurchased to cover the strike price of stock options.

Schedule of Dividends Payable

Our recent cash dividends are as follows:

Declaration Date	Record Date	Payment Date	Dividend per Share	Annualized Dividend per Share
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
August 15, 2024	September 6, 2024	September 27, 2024	$0.08	$0.32

Earnings Per Share

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

	Three Months Ended				Nine Months Ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Numerator:	(in thousands, except share and per share data)
Net income	$	52,625	$	48,078	$	143,869	$	130,574
Denominator:
Basic weighted average shares	81,089,476		81,418,800		81,448,413		81,140,473
Effect of dilutive shares related to stock based compensation1	2,017,601		1,974,254		2,068,574		1,993,664
Effect of dilutive shares related to contingent consideration2	—		—		63,002		141,071
Diluted weighted average shares	83,107,077		83,393,054		83,579,989		83,275,208
Earnings per share:
Basic	$	0.65	$	0.59	$	1.77	$	1.61
Dilutive	$	0.63	$	0.58	$	1.72	$	1.57
Anti-dilutive shares:
Shares	385,756		360,408		312,157		296,072
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 13)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 16)