Repurchases of Common Stock

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Repurchases Of Common Stock

REPURCHASES OF COMMON STOCK

We primarily acquire shares by repurchases in the open market. However, we also acquire shares that are surrendered by employees in payment for the minimum required statutory withholding taxes due on the vesting of restricted stock units and the settlement of deferred stock units, otherwise referred to herein as employee surrenders. We issue shares of treasury stock upon the vesting of certain restricted stock units and upon the exercise of certain stock options. The number of shares of treasury stock issued during the three months ended March 31, 2023 and 2022 was not material.

The following is a summary of our open market common stock repurchases, reported on a trade date basis, and shares acquired through employee surrender:

(in thousands, except per share amounts)	For the Three Months Ended March 31,
	2023		2022
Shares repurchased in the open market	—		502
Shares acquired through employee surrender for statutory tax withholding	19		21
Total shares repurchased	19		523
Cost of shares repurchased in the open market	$	—	$	262,783
Cost of shares for employee surrenders	9,597		10,338
Total cost of shares	$	9,597	$	273,121
Average cost per share - open market repurchases	$	—	$	523.04
Average cost per share - employee surrenders	$	503.65	$	505.53
Average cost per share - total	$	503.65	$	522.36