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CAPITAL STOCK
 12 Months Ended
Dec. 31, 2024
CAPITAL STOCK  
CAPITAL STOCK CAPITAL STOCK
We have 199 million authorized shares of common stock. The number of shares of common stock and treasury stock and the share activity were as follows:
Common SharesTreasury Shares
202420232022202420232022
Balance at the beginning of the year71,679,658 70,848,810 70,370,812 5,775,295 5,555,027 4,852,709 
Employee option exercises629,541 679,878 301,463 (192,123)(178,326)(157,682)
Director option exercises6,500 — — — — — 
Restricted stock vestings150,849 150,970 176,535 — — — 
Common stock repurchases— — — 432,600 398,594 860,000 
Balance at the end of the year72,466,548 71,679,658 70,848,810 6,015,772 5,775,295 5,555,027 
The cash dividends paid on the common stock for the years ended December 31, 2024, 2023 and 2022 aggregated $114.1 million, $103.7 million and $99.5 million, respectively.