Equity Transactions

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Equity Transactions

Equity Transactions

Dividends Declared

On February 23, 2022, the Company declared a quarterly cash dividend of $1.50 per common share to be paid on May 13, 2022 to stockholders of record at the close of business on April 29, 2022.

Common Stock Repurchases

During the three months ended March 31, 2022, the Company repurchased 125,452 common shares, at a weighted average price of $239.10 per share, for a total cost, including fees and expenses, of $30.0 million, under its share repurchase program. As of March 31, 2022, 403,997 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.