Equity Transactions

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Equity Transactions

Equity Transactions

Dividends Declared    

On May 13, 2021, the Company declared a quarterly cash dividend of $0.82 per common share to be paid on August 13, 2021 to stockholders of record at the close of business on July 30, 2021.

Common Stock Repurchases    

During the three and six months ended June 30, 2021, the Company repurchased 26,921 and 46,833 common shares, respectively, at a weighted average price of $278.56 and $266.87 per share, respectively, for a total cost, including fees and expenses, of $7.5 million and $12.5 million, respectively, under its share repurchase program. As of June 30, 2021, 675,809 shares remained available for repurchase. Under the terms of the program, the Company may repurchase shares of its common stock from time to time at its discretion through open market repurchases, privately negotiated transactions and/or other mechanisms, depending on price and prevailing market and business conditions. The program, which has no specified term, may be suspended or terminated at any time.