Note 15 - Share Repurchase Programs

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Treasury Stock [Text Block]

15. Share Repurchase Programs

Effective April 1, 2022, our Board of Directors authorized the repurchase of up to 100 million shares of our common stock by March 31, 2025. As of  March 31, 2024, we repurchased a total of 19.6 million shares of our common stock under the 2022 authorization. These repurchases may be made on the open market or through other transactions. Our management has sole discretion with respect to determining the timing and amount of these transactions.

The table below represents shares repurchased under repurchase programs in the three months ended March 31, 2024 and 2023:

	Number of Shares Purchased					Average Price Paid
		2024		2023		2024		2023
First quarter			-		2,908,703	$	-	$	203.19
Remaining number of shares that may be repurchased under current authority									80,392,027

Management's assessments of market conditions and other pertinent factors guide the timing, manner, and volume of all repurchases. We expect to fund any share repurchases under this program through cash generated from operations, the sale or lease of various operating and non-operating properties, debt issuances, and cash on hand. Open market repurchases are recorded in treasury stock at cost, which includes any applicable commissions, fees, and excise taxes.