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Share Repurchase Programs
3 Months Ended
Mar. 31, 2025
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 (the “2022 Repurchase Program”). In August 2024, the Board of Directors authorized a 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”). The Repurchase Programs do not have an expiration date. During the three months ended March 31, 2025, the Company repurchased 187,905 shares of common stock under the Repurchase Programs at a cost of $38.1 million. As of March 31, 2025, the 2022 Repurchase Plan has been exhausted and the Company had $187.0 million of remaining capacity under the 2024 Repurchase Program. Shares repurchased under the Repurchase Programs will be held in treasury for future use.