Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
The table below shows the monthly repurchases of shares of the Company's common stock in the second quarter of 2026 .
(a) (b) (c) (d)
Period Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Approximate Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
(in thousands)
April 1 - April 30, 2026 52 $ 167.17 — $ 100,000
May 1 - May 31, 2026 184,834 185.51 184,834 65,712
June 1 - June 30, 2026 75,036 192.32 75,012 51,286
Total 259,922
(1) Total number of shares purchased includes shares withheld for settlement of payroll taxes from stock-based compensation awards vested and for retirement eligible employees who retired during the second quarter of 2026.
(2) On October 23, 2025, the Company’s Board of Directors (the “Board”) authorized the Company to repurchase up to $150.0 million of shares of the Company's common stock, effective January 1, 2026 through December 31, 2026. Repurchases under the share repurchase program may be made in the open market or in privately negotiated transactions and may be made under a Rule 10b5-1 plan. From May 1, 2026 to June 30, 2026, the Company repurchased 259,846 shares of the Company’s common stock in the open market at an average price of $187.47 per share, for a total of $48.7 million. On July 23, 2026, the Board increased the 2026 share repurchase authorization from $150.0 million to $200.0 million. From July 1, 2026 to July 31, 2026, the Company repurchased 133,146 shares of the Company’s common stock in the open market at an average price of $191.49 per share, for a total of $25.5 million. As of July 31, 2026, approximately $75.8 million remained available for share repurchase through December 31, 2026.
Item 3. Defaults Upon Senior Securities .
None.
Item 4. Mine Safety Disclosures.
Not applicable.
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