STOCK REPURCHASE PROGRAM

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM

On October 10, 2024, we announced a share repurchase authorization of up to $500 million of common stock. This authorization replaces previous authorizations and has no expiration date. We may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions.

In 2024, 2023 and 2022, we repurchased approximately 433 thousand, 399 thousand and 860 thousand shares, respectively, of our outstanding common stock at a total cost of $68.6 million, $47.6 million and $92.1 million, respectively. As of December 31, 2024, there was $462.7 million of authorized share repurchases available to us.