Equity Transactions

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Equity Transactions

Equity Transactions

Dividends Declared

On May 14, 2025, the Company declared a quarterly cash dividend of $2.25 per common share to be paid on August 15, 2025 to shareholders of record at the close of business on July 31, 2025.

Common Stock Repurchases

During the three and six months ended June 30, 2025, the Company repurchased 175,872 and 287,072 common shares, respectively, under its share repurchase program at a weighted average price of $170.55 and $174.14 per share, respectively, for a total cost, including fees and expenses, of $30.0 million and $50.0 million, respectively. On May 14, 2025 the Board of Directors authorized an additional 750,000 shares to be repurchased under the program. As of June 30, 2025, 866,240 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.