Equity Transactions

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

Equity Transactions

Equity Transactions

Dividends Declared

On August 13, 2025, the Company declared a quarterly cash dividend of $2.40 per common share to be paid on November 14, 2025 to shareholders of record at the close of business on October 31, 2025.

Common Stock Repurchases

During the nine months ended September 30, 2025, the Company repurchased 287,072 common shares under its share repurchase program at a weighted average price of $174.14 per share, for a total cost, including fees and expenses, of $50.0 million. On May 14, 2025 the Board of Directors authorized an additional 750,000 shares to be repurchased under the program. There were no share repurchases during the three months ended September 30, 2025. As of September 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.