STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2024

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

8. STOCKHOLDERS’ EQUITY:

Common Stock Shares Outstanding

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands)	2024		2023		2024		2023
Beginning balance		56,759		57,206		56,738		56,961
Common stock issued under employee stock plans		183		202		411		470
Repurchased		(164)		(57)		(371)		(80)
Ending balance		56,778		57,351		56,778		57,351

Common Stock Repurchases

As of December 31, 2023, the Company had $26.0 million remaining under its authorized stock-repurchase program. In the three and six months ended June 30, 2024, the Company purchased approximately 164,000 shares for $11.3 million and approximately 371,000 shares for $26.0 million, leaving no amount authorized for stock repurchases as of June 30, 2024. 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.

Cash Dividends

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.

In October 2023, the Company’s board of directors raised the quarterly cash dividend with the declaration of five cash dividends of $0.20 per share to be paid to stockholders of record at the end of the fourth quarter in 2023 (in lieu of the $0.19 per share announced in February 2023) and at the end of each quarter in 2024.

For the three and six months ended June 30, 2024 and 2023, cash dividends declared and paid were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except per share amounts)	2024		2023		2024		2023
Dividends declared and paid	$	11,352	$	10,893	$	22,736	$	21,761
Dividends declared per common share	$	0.20	$	0.19	$	0.40	$	0.38