Share Repurchase Program

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Treasury Stock

Share Repurchase Program

On December 6, 2022, the board of directors approved a 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, 2023 (the Share Repurchase Program). This authorization replaced the then-existing share repurchase program and expires on December 31, 2025. Under this authorization, 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.

For the three months ended March 31, 2025, we repurchased a total of 368,199 shares for $109.6 million. As of March 31, 2025, we have repurchased a total of 409,983 shares for $122.6 million under the Share Repurchase Program, leaving $377.4 million available for future repurchases.