Stock Repurchase	6 Months Ended
Jun. 30, 2026
Stock Repurchase
Stock Repurchase	(4) Stock Repurchase The Company’s Board of Directors (the “Board”) adopted a stock repurchase program in May 2023, which authorizes the Company to repurchase shares of the Company’s common stock in the public market or in private transactions, from time to time, at prevailing prices. Under the stock repurchase program, the Board initially authorized up to $250.0 million for the repurchase of the Company’s common stock. In May 2025, the Board approved a $250.0 million increase to the existing stock repurchase program. At June 30, 2026, $63.2 million remained available under the stock repurchase program. In July 2026, subsequent to the end of the quarter, the Board approved an additional $250 million increase to the existing stock repurchase program. During the six months ended June 30, 2026, the Company repurchased 1,615,756 shares of common stock for $149.9 million at a weighted average price per share of $92.76. The Company also recorded $0.8 million of excise tax related to the stock repurchases as treasury stock in the Company’s stockholders’ equity for the six months ended June 30, 2026. During the six months ended June 30, 2025, the Company repurchased 335,843 shares of common stock for $31.0 million at a weighted average price per share of $92.24. The Company did not incur excise tax related to the stock repurchases for the six months ended June 30, 2025.

Stock Repurchase

6 Months Ended

Jun. 30, 2026

(4) Stock Repurchase

The Company’s Board of Directors (the “Board”) adopted a stock repurchase program in May 2023, which authorizes the Company to repurchase shares of the Company’s common stock in the public market or in private transactions, from time to time, at prevailing prices. Under the stock repurchase program, the Board initially authorized up to $250.0 million for the repurchase of the Company’s common stock. In May 2025, the Board approved a $250.0 million increase to the existing stock repurchase program. At June 30, 2026, $63.2 million remained available under the stock repurchase program. In July 2026, subsequent to the end of the quarter, the Board approved an additional $250 million increase to the existing stock repurchase program.

During the six months ended June 30, 2026, the Company repurchased 1,615,756 shares of common stock for $149.9 million at a weighted average price per share of $92.76. The Company also recorded $0.8 million of excise tax related to the stock repurchases as treasury stock in the Company’s stockholders’ equity for the six months ended June 30, 2026. During the six months ended June 30, 2025, the Company repurchased 335,843 shares of common stock for $31.0 million at a weighted average price per share of $92.24. The Company did not incur excise tax related to the stock repurchases for the six months ended June 30, 2025.