Common Stock Issued and Outstanding

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Common Stock Issued and Outstanding

Note O – Common Stock Issued and Outstanding

Activity in the number of shares of common stock issued and outstanding for the three-month periods ended March 31, 2025 and 2024 is shown below.

(Number of shares outstanding)	March 31, 2025	March 31, 2024
Beginning of period	145,845,124	152,748,642
Restricted stock awards 1	484,388	1,100,759
Treasury shares purchased	(3,613,450)	(1,273,245)
End of period	142,716,062	152,576,156

1 Shares issued upon award of restricted stock are less withholding for statutory income taxes owed upon issuance of shares.

On August 8, 2024, the Company’s Board of Directors authorized a share repurchase program whereby the Company can repurchase up to $1,100.0 million of its common stock. This repurchase program has no time limit and may be suspended or discontinued completely at any time without prior notice as determined by the Company at its discretion and dependent upon a variety of factors.

During the three months ended March 31, 2025, the Company repurchased 3.6 million shares of its common stock under the share repurchase program for $100.0 million ($100.9 million including excise taxes and fees). As of March 31, 2025, the Company had $550.1 million of its common stock remaining available to repurchase under the program.