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STOCKHOLDERS' EQUITY
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
STOCKHOLDERS’ EQUITY STOCKHOLDERS’ EQUITY
Warrants — As of September 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 nine months ended September 30, 2025, the Company purchased 2,205,535 and 6,805,621 shares of common stock for an average share price of $28.32 and $31.22, totaling $62.5 million and $212.5 million, respectively. During the three and nine months ended September 30, 2024, the Company purchased 1,399,674 and 5,317,183 shares of common stock for an average share price of $29.97 and $30.09, totaling $41.9 million and $160.0 million, respectively. All repurchased shares became treasury stock. As of September 30, 2025, the Company is authorized to repurchase up to a remaining $287.5 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 nine months ended September 30, 2025 and 2024 (in thousands):
20252024
Balance, beginning of the year166,261 174,576 
Equity award issuances529 492 
Share repurchases(3,046)(1,252)
Balance March 31,163,744 173,816 
Equity award issuances104 261 
Share repurchases(1,554)(2,666)
Balance June 30,162,294 171,411 
Equity award issuances20 135 
Share repurchases(2,206)(1,400)
Balance September 30,160,108 170,146