Equity Transactions

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Equity Transactions

Equity Transactions

Dividends Declared    

On August 18, 2021, the Company declared a quarterly cash dividend of $1.50 per common share to be paid on November 12, 2021 to stockholders of record at the close of business on October 29, 2021.

Common Stock Repurchases    

During the three and nine months ended September 30, 2021, the Company repurchased 64,494 and 111,327 common shares, respectively, at a weighted average price of $310.07 and $291.90 per share, respectively, for a total cost, including fees and expenses, of $20.0 million and $32.5 million, respectively, under its share repurchase program. As of September 30, 2021, 611,315 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.