1 unchanged sentence
Share repurchases are made from time to time in the open market or through privately negotiated transactions.
−Removed: On October 31, 2016, the Board of Directors authorized the repurchase of 1,000,000 shares of our common
On February 11, 2025, the Board of Directors authorized the repurchase of 2,000,000 shares of our common stock.
1 unchanged sentence
For the Quarter Ended
−Removed: September 30, 2025 Total Number of Shares
+Added: March 31, 2026 Total Number of Shares
Purchased (1)
Average Price Paid
−Removed: Per Share Total Number of Shares Purchased as Part of
+Added: Per Share (2)
+Added: Total Number of Shares Purchased as Part of
Publicly Announced Plans or
1 unchanged sentence
Purchased Under the Plans or
−Removed: July 1-31, 2025 60,421 $ 81.89 60,421 2,146,950
−Removed: August 1-31, 2025 89,354 $ 82.37 88,091 2,058,859
−Removed: September 1-30, 2025 127,019 $ 81.26 127,019 1,931,840
+Added: January 1-31, 2026 — $ — — 1,514,063
+Added: February 1-28, 2026 98,594 $ 62.13 52,000 1,462,063
+Added: March 1-31, 2026 897,822 $ 63.22 897,770 564,293
Total 996,416 $ 63.11 949,770 564,293
(1) The total number of shares purchased includes 46,646 shares withheld to cover withholding taxes related to the exercise of stock options and the vesting of restricted stock under employee share-based compensation plans.
+Added: (2) The Inflation Reduction Act of 2022, which was enacted into law on August 16, 2022, imposes a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022.
+Added: During the three months ended March 31, 2026, the Company reflected the applicable excise tax in treasury stock as part of the cost basis of the stock repurchased and recorded a corresponding liability for the excise taxes payable in other current liabilities on the consolidated balance sheets.
+Added: All dollar amounts presented exclude such excise taxes.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.