XML 42 R23.htm IDEA: XBRL DOCUMENT v3.25.4
Share Repurchase Program (Notes)
12 Months Ended
Dec. 31, 2025
Share Repurchase Program [Abstract]  
Treasury Stock [Text Block] Share Repurchase Program
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 share repurchase program approved by the Board of Directors in 2024 (the “2024 Share Repurchase Program”). On November 12, 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 “Second 2025 Share Repurchase Program). The Second 2025 Share Repurchase Program replaced the 2025 Share Repurchase Program approved by the Board of Directors in February 2025.

Under the Second 2025 Share Repurchase Program, the Company is authorized to 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 Second 2025 Share Repurchase Program was 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.

During the year ended December 31, 2025, the Company repurchased 1.6 million outstanding common shares at an aggregate purchase price of $202.0 million under the 2025 Share Repurchase Program, the Second 2025 Share Repurchase Program and the 2024 Share Repurchase Program compared to 1.2 million outstanding common shares repurchased at an aggregate purchase price of $177.0 million under the 2024 Share Repurchase Program and 2021 Share Repurchase Program during the year ended
December 31, 2024. As of December 31, 2025, $220 million remained available for repurchases under the Second 2025 Share Repurchase Program.