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Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
Summary of Share Count and Par Value Data Related to Shareholders' Equity

Share count and par value data related to shareholders’ equity are as follows:

 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Preferred Stock

 

 

 

 

 

 

Par value per share

 

No par value

 

 

No par value

 

Shares authorized

 

 

25,000,000

 

 

 

25,000,000

 

Shares outstanding

 

 

 

 

 

 

Common Stock

 

 

 

 

 

 

Par value per share

 

No par value

 

 

No par value

 

Shares authorized

 

 

75,000,000

 

 

 

75,000,000

 

Shares issued

 

 

57,440,235

 

 

 

57,330,761

 

Shares outstanding

 

 

31,206,185

 

 

 

31,680,890

 

Treasury stock

 

 

 

 

 

 

Shares held

 

 

26,234,516

 

 

 

25,649,871

 

 

Summary of Common Shares Outstanding

A roll-forward of common shares outstanding is as follows:

 

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2023

 

 

2022

 

Balance at the beginning of the year

 

 

31,680,890

 

 

 

32,178,715

 

Repurchases

 

 

(584,645

)

 

 

(384,428

)

Restricted share issuances

 

 

109,940

 

 

 

65,777

 

Balance at the end of the period

 

 

31,206,185

 

 

 

31,860,064