Share Repurchase Program

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Share Repurchase Program

Share Repurchase Program

In December 2017, the board of directors approved a new share repurchase program that authorizes the company to repurchase up to $500.0 million in shares of the company's outstanding common stock effective January 1, 2018. The authorization expires on December 31, 2020. We may repurchase shares from time to time at prevailing market prices on the open market or in private transactions in amounts that we deem appropriate.

As of December 31, 2019, we had repurchased a total of 244,180 shares for $25.6 million under this authorization, leaving $474.4 million available for future repurchases.