Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2025

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
February 27, 2025	$100 million	** 3, 4
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.
3 Expiration Date is at Board’s discretion. The Company is authorized to effectuate repurchases of the Company’s common stock on terms and conditions approved in advance by the Board. As of March 31, 2025, approximately $70.0 million remains under the current board authorization.
4 As of March 31, 2025, approximately $30.0 million of shares have been repurchased 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:

	Three Months Ended
	March 31, 2025					March 31, 2024
	(in thousands, except share and per share data)
Program	Shares	Total $		$ per share		Shares	Total $		$ per share
Open market	371,139	$	29,992	$	80.81	—	$	—	$	—
LTIP shares1	82,664	8,312		100.55		36,860	3,041		82.50
Total	453,803	$	38,304	$	84.41	36,860	$	3,041	$	82.50
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 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
November 13, 2024	November 29, 2024	December 19, 2024	$0.08	$0.32
March 5, 2025	March 18, 2025	March 28, 2025	$0.10	$0.40

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2025 and 2024:

	Three Months Ended
	March 31, 2025		March 31, 2024
Numerator:	(in thousands, except share and per share data)
Net income	$	29,292	$	39,016
Denominator:
Basic weighted average shares	81,472,351		81,661,972
Effect of dilutive shares related to stock based compensation1	1,879,185		2,193,000
Effect of dilutive shares related to contingent consideration2	—		189,698
Diluted weighted average shares	83,351,536		84,044,670
Earnings per share:
Basic	$	0.36	$	0.48
Dilutive	$	0.35	$	0.46
Anti-dilutive shares:
Shares	108,254		112,717
1 Dilutive shares related to stock options, restricted stock, PSUs and Key Employee Awards (Note 14)
2 Dilutive shares related to contingent shares issued to the former owners of BASX (Note 17)