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Share Repurchase Programs
6 Months Ended
Jun. 30, 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 six months ended June 30, 2025, the Company repurchased 355,688 shares of common stock under the Repurchase Programs at a cost of $74.8 million. The 2022 Repurchase Plan was exhausted during the first quarter of 2025 and, as of June 30, 2025, the Company had $150.3 million of remaining capacity under the 2024 Repurchase Program. Shares repurchased under the Repurchase Programs will be held in treasury for future use.