XML 27 R17.htm IDEA: XBRL DOCUMENT v3.22.2
Stock Repurchase Plan
6 Months Ended
Jun. 30, 2022
Disclosure Text Block  
Share Repurchase Plan

10. Share Repurchase Plan

In May 2021, the Company’s Board of Directors authorized a program to repurchase up to $150.0 million of the Company’s Class A Common Stock. The Company completed the share repurchase program in May 2022 and retired the repurchased shares.

During the three and six months ended June 30, 2022, the Company repurchased 2.8 million shares and 10.8 million shares of Class A Common Stock, respectively, at an aggregate cost of $32.9 million and $123.4 million, respectively. For the overall program, under which repurchases commenced in December 2021, the Company repurchased 13.1 million shares of Class A Common Stock at an average price per share of $11.47.