Capital Stock

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Capital Stock

(14) CAPITAL STOCK

We have authorized capital stock of 485.0 million shares which includes 475.0 million shares of common stock and 10.0 million shares of preferred stock. We currently have no preferred stock issued or outstanding. The following is a schedule of changes in the number of common shares outstanding since the beginning of 2021:

	Three Months Ended March 31, 2022			Year Ended December 31, 2021
Beginning balance		249,792,908			246,348,092
Restricted stock grants		601,983			1,293,892
Restricted stock units vested		1,787,286			1,493,341
Performance stock units issued		590,940			640,468
Performance stock dividends		1,843			13,966
Treasury shares		(598,889	)		3,149
Ending balance		252,176,071			249,792,908

Stock Repurchase Program

In 2019, the board of directors approved a stock purchase program to acquire up to $100.0 million of our outstanding stock. In early 2022, board authorized an additional repurchase of up to $430.0 million of our outstanding common stock for an aggregate available amount at that time of $500.0 million. Under this program, we may repurchase shares in open market transactions, from time to time, in accordance with applicable SEC rules and federal securities laws. In first quarter 2022, we repurchased 600,000 shares at an aggregate cost of $16.2 million. The following is a schedule of the change in treasury shares for the three months ended March 31, 2022:

	Three Months Ended March 31, 2022
Beginning balance		10,002,646
Rabbi trust shares distributed/sold		(1,111	)
Shares repurchased		600,000
Ending balance		10,601,535