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Share Repurchase Programs
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Share Repurchase Programs

14. Share Repurchase Programs

In January 2022, the Board of Directors authorized a share repurchase program for up to $150.0 million that commenced in March 2022 (the “2022 Repurchase Program”). During the six months ended June 30, 2024, the Company repurchased 211,255 shares of common stock under the 2022 Repurchase Program at a cost of $43.6 million. In August 2024, the Board of Directors authorized a new share repurchase program for up to $200.0 million (the “2024 Repurchase Program and, together with the 2022 Repurchase Program, the “Repurchase Programs”), in addition to the $50.0 million currently remaining under the 2022 Repurchase Program. Shares repurchased under the Repurchase Programs will be held in treasury for future use.