Shareholders' Equity

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Shareholders' Equity

SHAREHOLDERS’ EQUITY

Dividends – Generally, our dividend date-of-record is in the last month of the quarter, and the dividend is paid the following month. Any subsequent dividends will be reviewed by our Board of Directors and declared at its discretion.

Dividends declared per share were as follows:

	Year Ended December 31,
	2024		2023		2022
Dividends declared per share	$	0.84	$	0.80	$	0.80

Share Repurchase Program – In 2014, our Board of Directors approved a $500.0 million share repurchase authorization. As of December 31, 2023, we had $96.1 million of remaining capacity under the prior share repurchase authorization. Effective February 19, 2024, the Board of Directors approved an increase in our total remaining capacity

under the share repurchase program to $300.0 million. Our share repurchase program does not have an expiration date, and we reserve the right to limit or terminate the repurchase program at any time without notice.

We repurchased 423,785 shares of our outstanding common stock for $20.1 million during the year ended December 31, 2024, compared to no repurchases of shares during the years ended December 31, 2023 and 2022. As of December 31, 2024, we had $279.9 million of remaining capacity under our current share repurchase program.