Repurchase Program

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Repurchase Program

Repurchase Program

Our Board of Directors has authorized a securities repurchase program available for repurchases of our common stock.

Our repurchase program authorizes us to purchase outstanding shares of our common stock in the open market or as otherwise determined by management, subject to certain limitations under the Credit Facility (as defined in Note 7) and other factors. The repurchase program has no specific term. Repurchases are expected to be funded from operating cash flows, available cash on hand, and borrowings under our Credit Facility. As part of the share repurchase program, our management has been authorized to establish trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934.

During the first quarter of 2026, we repurchased an aggregate of 0.2 million shares of our common stock under the repurchase program for a cost of $2.7 million. During the first quarter of 2025, we repurchased an aggregate of 1.8 million shares of our common stock under the repurchase program for a cost of $10.8 million.

As of March 31, 2026, we had $89.0 million of authorization remaining under the program.