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Stock Repurchase Plan
9 Months Ended
Sep. 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 2022, the Company repurchased 10.8 million shares of Class A Common Stock at an aggregate cost of $123.4 million. 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.