Shareholders' Equity

6 Months Ended

Jun. 30, 2022

Stockholders Equity Note [Abstract]

Shareholders' Equity

15.Shareholders’ Equity

In May 2019, the Company’s Board of Directors approved a Common Stock repurchase authorization for which there was remaining authority to repurchase 4,109,419 shares of Common Stock as of May 3, 2022. On May 3, 2022, the Board of Directors increased the Common Stock repurchase authorization by 7,890,581 shares to 12,000,000 shares as of that date. The Company repurchased 1,508,467 shares of Common Stock under these authorizations during the six months ended June 30, 2022 at a cost of $155.0 million. The Company repurchased 107,138 shares of Common Stock under the then-existing authorization during the six months ended June 30, 2021 at a cost of $13.0 million. As of June 30, 2022, the Company had remaining authority to repurchase 11,550,677 shares of Common Stock.