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REPURCHASES OF COMMON STOCK
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
REPURCHASES OF COMMON STOCK REPURCHASES OF COMMON STOCK
We primarily acquire shares of our common stock by repurchases in the open market. We also acquire shares that are surrendered by employees in payment for the 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 Inflation Reduction Act of 2022 imposed a nondeductible 1% excise tax on the net value of certain stock repurchases, which is included in the cost of treasury stock acquired in open market repurchases. The number of shares of treasury stock issued during the three months ended March 31, 2025, and 2024, 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 surrenders:
(in thousands, except per share amounts)
For the Three Months Ended
March 31,
20252024
  
Shares repurchased in the open market931 303 
Shares acquired through employee surrenders for statutory tax withholding14 18 
Total shares repurchased945 321 
Cost of shares repurchased in the open market$409,215 $167,102 
Cost of shares for employee surrenders6,124 10,189 
Total cost of shares$415,339 $177,291 
Average cost per share - open market repurchases$439.64 $550.90 
Average cost per share - employee surrenders$444.52 $560.56 
Average cost per share - total$439.71 $551.45