STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2023

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

8. STOCKHOLDERS’ EQUITY:

Common Stock Shares Outstanding

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands)	2023		2022		2023		2022
Beginning balance		57,206		58,778		56,961		59,913
Common stock issued under employee stock plans		202		275		470		724
Repurchased		(57)		(1,919)		(80)		(3,503)
Ending balance		57,351		57,134		57,351		57,134

Common Stock Repurchases

As of December 31, 2022, the Company had $81.3 million remaining under its authorized stock-repurchase program. In the three and six months ended June 30, 2023, the Company purchased approximately 57,000 shares for $4.3 million and approximately 80,000 shares for $6.0 million, respectively, leaving $75.3 million remaining on the repurchase authorization as of June 30, 2023. Authorization of future repurchase programs is at the discretion of the Company’s board of directors and will depend on the Company’s financial condition, results of operations, capital requirements, business conditions and other factors; the program has no expiration date.

Cash Dividends

In January 2022, the Company’s board of directors declared dividends of $0.18 per share to be paid to stockholders of record at the end of each quarter in 2022. In February 2023, the Company’s board of directors declared dividends of $0.19 per share to be paid to stockholders of record at the end of each quarter in 2023.

For the three and six months ended June 30, 2023 and 2022, cash dividends declared and paid were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except per share amounts)	2023		2022		2023		2022
Dividends declared and paid	$	10,893	$	10,280	$	21,761	$	20,936
Dividends declared per common share	$	0.19	$	0.18	$	0.38	$	0.36