Stockholders' Equity

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Stockholders' Equity

NOTE 19. Stockholders’ Equity:

In June 2022, the Company’s board of directors approved a new share repurchase plan and terminated its prior share repurchase plan. The Company’s new share repurchase plan authorizes the repurchase of up to $400 million of the Company's common stock, of which $287 million remained as of December 31, 2022. Purchases may be made from time to time by the Company in the open market at prevailing market prices or in privately negotiated transactions. During the year ended December 31, 2022, the Company repurchased and retired, under both the Company’s prior authorization and the current authorization, 7.5 million shares of its common stock for a total purchase price of $441 million and, as of December 31, 2022, had cumulatively repurchased and retired 10.4 million shares of its common stock for a total purchase price of $598 million.