Capital Stock

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Capital Stock

(13) 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 2023:

	Three Months Ended March 31, 2024		Year Ended December 31, 2023
Beginning balance		241,040,304		238,885,730
Restricted stock grants		7,932		50,238
Restricted stock units vested		1,083,521		1,755,345
Performance stock units issued		455,317		1,057,245
Performance stock dividends		6,914		6,276
Treasury shares		—		(714,530	)
Ending balance		242,593,988		241,040,304

Stock Repurchase Program

In 2019, the board of directors approved a stock repurchase program which was increased in size in 2022. At March 31, 2024, we had a remaining authorization to repurchase up to approximately $1.1 billion of our common stock. 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. Purchases under the program are made at our discretion and may change based upon market conditions. In first three months 2024, we did not repurchase any shares.