v3.25.3
Subsequent Event
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Event

Note 14 — Subsequent Event

 

On October 22, 2025, the Board approved an additional $600 million share repurchase plan (the "2025 Share Repurchase Plan"), and, as part of the 2025 Share Repurchase Plan, the Company entered into a $350 million accelerated share repurchase program on October 22, 2025 (the "ASR"). Under the ASR, we expect to take delivery of the majority of the shares on October 24, 2025 with the
expected final settlement of the transactions under the ASR agreement to occur no later than the first quarter of 2026. After giving
effect to the ASR, the aggregate remaining authorization under the 2024 Share Repurchase Program and the 2025 Share Repurchase
 

Program is approximately $384 million. Other repurchases of the Company’s common stock under the 2025 Share Repurchase Plan
are currently anticipated to be made in open market transactions, block transactions, privately negotiated purchase transactions or
other purchase techniques at the discretion of management based upon consideration of market, business, legal, accounting, and other
factors. On October 21, 2025, the Company provided notice to the lenders pursuant to the Credit Agreement to borrow $
350.0 million under the Facility to fund the initial settlement of the ASR.