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Shareholders' Equity
12 Months Ended
Dec. 31, 2022
Stockholders' Equity Note [Abstract]  
Shareholders' Equity

19. 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. As of December 31, 2022, the Company had remaining authority to repurchase 11,550,677 shares of Common Stock.

Repurchases of Common Stock were as follows (in millions, except share amounts):

 

Year Ended
December 31,

 

 

Three Months Ended
December 31,
(transition period)

 

 

Year Ended
September 30,

 

 

2022

 

 

2021

 

 

2021

 

 

2020

 

Shares of Common Stock repurchased

 

1,508,467

 

 

 

1,362,831

 

 

 

927,934

 

 

 

550,853

 

Cost of shares of Common Stock repurchased

$

155.0

 

 

$

150.0

 

 

$

107.8

 

 

$

40.8