Stockholders' Equity

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Policy [Abstract]

Stockholders' Equity

Note 6  – Stockholders' Equity

In 2022, the Company's Board of Directors adopted a Stockholder Return Policy that will remain in effect until such time as the Board votes to amend or rescind the policy.  The Stockholder Return Policy calls for the Company to return a prescribed amount of cash flows on an annual basis. The Company intends to return such amounts directly, in the form of dividends, or indirectly, in the form of stock repurchases.

The following table summarizes activity pursuant to this policy:

	Fiscal quarters ended					Nine fiscal months ended
	September 30, 2023			October 1, 2022		September 30, 2023			October 1, 2022
Dividends paid to stockholders		$	13,879	$	14,254		$	41,836	$	43,062
Stock repurchases			17,262		18,510			57,661		54,671
Total		$	31,141	$	32,764		$	99,497	$	97,733

The repurchased shares are being held as treasury stock.  The number of shares of common stock being held as treasury stock was 6,634,442 and 4,240,573 as of September 30, 2023 and December 31, 2022, respectively.