Share Repurchase Program (Notes)

3 Months Ended

Mar. 31, 2025

Share Repurchase Program [Abstract]

Treasury Stock [Text Block]

On February 11, 2025, the Company announced that its Board of Directors approved a new share repurchase program pursuant to which the Company may purchase up to $250 million of its outstanding common shares (the “2025 Share Repurchase Program”). The 2025 Share Repurchase Program replaced the 2024 Share Repurchase Program.

Pursuant to the 2025 Share Repurchase Program, the Company may purchase up to $250 million of its outstanding common shares through open market transactions, privately negotiated transactions or otherwise in accordance with all applicable laws. The timing, amount and other terms and conditions of any additional repurchases under the 2025 Share Repurchase Program will be based on a variety of factors, including the market price of the Company’s common shares, business considerations, general market and economic conditions and legal requirements. The 2025 Share Repurchase Program does not have an expiration date and the Board may modify, discontinue or suspend it at any time.

The Company repurchased 0.4 million outstanding common shares at an aggregate purchase price of $50.1 million under the 2025 Share Repurchase Program during the first quarter of 2025. As of March 31, 2025, $199.9 million remained available for repurchases under the 2025 Share Repurchase Program.