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Share Repurchase Programs
9 Months Ended
Sep. 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”). In August 2024, the Board of Directors authorized a new share repurchase program for up to an additional $200.0 million (the “2024 Repurchase Program and, together with the 2022 Repurchase Program, the “Repurchase Programs”). During the nine months ended September 30, 2024, the Company repurchased 277,604 shares of common stock under the Repurchase Programs at a cost of $58.6 million. As of September 30, 2024, the Company had $241.4 million of remaining capacity under the Repurchase Programs. Shares repurchased under the Repurchase Programs will be held in treasury for future use.