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EQUITY
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
EQUITY EQUITY
Common Stock
On February 23, 2023, the Company established an at-the-market equity offering program (the “Prior ATM Program”) pursuant to which shares of its common stock having an aggregate gross sales price of up to $500.0 million may be sold from time to time (i) by the Company through a consortium of banks acting as sales agents or directly to the banks acting as principals or (ii) by a consortium of banks acting as forward sellers on behalf of any forward purchasers pursuant to a forward sale agreement. On August 5, 2025, the Company terminated the Prior ATM Program pursuant to its termination rights.
During the nine months ended September 30, 2025, the Company utilized the forward feature of the Prior ATM Program to allow for the sale of up to 15.3 million shares of the Company’s common stock at an initial weighted average price of $17.69 per share, net of commissions. The Company did not utilize the forward feature of the Prior ATM Program during the three months ended September 30, 2025. During the three and nine months ended September 30, 2025, the Company issued 9.6 million and 11.3 million shares, respectively, in settlement of certain outstanding forward sale agreements, at a weighted average net price of $17.26 and $17.21 per share, after commissions and fees, respectively, resulting in net proceeds of $165.0 million and $194.9 million, respectively.
As of September 30, 2025, 5.5 million shares remained outstanding under the Prior ATM Program’s forward sale agreements, with an initial weighted average price of $17.96 per share, net of commissions.
No other shares were sold under the Prior ATM Program during the three and nine months ended September 30, 2025.
On August 5, 2025, the Company established a new at-the-market equity offering program (the “ATM Program”) pursuant to which shares of its common stock having an aggregate gross sales price of up to $750.0 million may be sold from time to time (i) by the Company through a consortium of banks acting as sales agents or directly to the banks acting as principals or (ii) by a consortium of banks acting as forward sellers on behalf of any forward purchasers pursuant to a forward sale agreement. The use of a forward sale agreement would allow the Company to lock in a share price on the sale of shares at the time the agreement is effective, but defer receiving the proceeds from the sale of the shares until a later date. The Company may also elect to cash settle or net share settle all or a portion of its obligations under any forward sale agreement. The forward sale agreements have a one year term during which time the Company may settle the forward sales by delivery of physical shares of common stock to the forward purchasers or, at the Company’s election, in cash or net shares. The forward sale price that the Company expects to receive upon settlement will be the initial forward price established upon the effective date, subject to adjustments for (i) the forward purchasers’ stock borrowing costs and (ii) certain fixed price reductions during the term of the agreement.
During each of the three and nine months ended September 30, 2025, the Company utilized the forward feature of the ATM Program to allow for the sale of up to 3.2 million shares of the Company’s common stock at an initial weighted average price of $18.45 per share, net of commissions, and these shares remained outstanding as of September 30, 2025.
No other shares were sold under the ATM Program during the three and nine months ended September 30, 2025.
As of September 30, 2025, the Company had $690.9 million available under the ATM Program.
The following table lists the cash dividends on common stock declared and paid by the Company during the nine months ended September 30, 2025:
Declaration Date Record Date Amount Per Share Dividend Payable Date
February 3, 2025 February 14, 2025 $0.30  February 28, 2025
May 5, 2025May 16, 2025$0.30 May 30, 2025
August 4, 2025August 15, 2025$0.30 August 29, 2025
During the nine months ended September 30, 2025, the Company issued 0.4 million shares of common stock as a result of restricted stock unit vestings.
Upon any payment of shares to teammates as a result of restricted stock unit vestings, the teammates’ related tax withholding obligation will generally be satisfied by the Company reducing the number of shares to be delivered by a number of shares necessary to satisfy the related applicable tax withholding obligation. During the nine months ended September 30, 2025 and 2024, the Company incurred $4.7 million and $2.0 million, respectively, in tax withholding obligations on behalf of its teammates that were satisfied through a reduction in the number of shares delivered to those participants.
Accumulated Other Comprehensive (Loss) Income
The following is a summary of the Company’s accumulated other comprehensive (loss) income (in thousands):
September 30, 2025December 31, 2024
Foreign currency translation loss$(2,832)$(4,778)
Unrealized (loss) gain on cash flow hedges(3,144)25,718 
Total accumulated other comprehensive (loss) income$(5,976)$20,940