Equity

3 Months Ended

Mar. 31, 2023

Share Repurchases [Abstract]

Stockholders' Equity

Equity

We have a stock repurchase program with 6.6 million shares remaining authorized for repurchase as of March 31, 2023. There were no shares repurchased in the open market during the three months ended March 31, 2023 and March 31, 2022, respectively. Repurchases are expected to continue from time to time, as determined by market conditions, cash flow requirements, securities law limitations, and other factors, until the number of shares authorized have been repurchased, or until the authorization is terminated. The share repurchase authorization is discretionary and has no expiration date.

During the three months ended March 31, 2023 and 2022, our Board of Directors declared dividends totaling $1.6 million and $1.6 million, respectively. Future payment of cash dividends and the amount of such dividends will depend upon our financial conditions, our results of operations, our cash requirements, our tax treatment, and certain corporate law requirements, as well as factors deemed relevant by our Board of Directors.