Shareholders' Equity

12 Months Ended

Dec. 31, 2024

Stockholders' Equity Note [Abstract]

Shareholders' Equity

4. Shareholders’ Equity

During 2024, 2023 and 2022, we purchased 986,555, 1,024,328, and 1,352,954 shares of the Company’s common stock for $241.6 million, $166.0 million, and $175.4 million, respectively, through open market transactions as part of a publicly-announced share

repurchase program. In January 2025, our Board of Directors raised the Company’s share repurchase authority to an aggregate of $100.0 million of our common stock.

As of 2023, we are subject to a 1% excise tax on stock repurchases as enacted by the United States Inflation Reduction Act which we include in the cost of stock repurchases as a reduction of shareholders’ equity. In 2024, we paid $1.1 million in excise tax related to 2023 repurchase and vesting activity.