STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

STOCKHOLDERS’ EQUITY

STOCKHOLDERS’ EQUITY

Warrants — As of June 30, 2025 and December 31, 2024, the Company had warrants outstanding which entitle holders to purchase an immaterial number of shares of common stock.

Share Repurchase Program — The Company’s Board of Directors approved a share repurchase program of up to an aggregate $500.0 million of common stock of the Company. Under the share repurchase program, repurchases may occur in any number of methods depending on timing, market conditions, regulatory requirements, and other corporate considerations. The share repurchase program has no specified expiration date.

During the three and six months ended June 30, 2025, the Company purchased 1,553,871 and 4,600,086 shares of common stock for an average share price of $32.18 and $32.61, totaling $50.0 million and $150.0 million, respectively. During the three and six months ended June 30, 2024, the Company purchased 2,665,770 and 3,917,509 shares of common stock for an average share price of $29.28 and $30.13, totaling $78.1 million and $118.1 million, respectively. All repurchased shares became treasury stock. As of June 30, 2025, the Company is authorized to repurchase up to a remaining $350.0 million of common stock of the Company.

Shares Outstanding — The following table shows the Company’s changes in shares of common stock for the three and six months ended June 30, 2025 and 2024 (in thousands):

	2025	2024
Balance, beginning of the year	166,261	174,576
Equity award issuances	529	492
Share repurchases	(3,046)	(1,252)
Balance March 31,	163,744	173,816
Equity award issuances	104	261
Share repurchases	(1,554)	(2,666)
Balance June 30,	162,294	171,411