Common Stock |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| Common Stock | Common Stock As of June 30, 2026 and December 31, 2025, there were 44,240,047 and 44,520,367 shares of our common stock outstanding, respectively. During the three months ended June 30, 2026 and 2025, we issued 10,268 and 5,106 shares of common stock, respectively. During the six months ended June 30, 2026 and 2025, we issued 51,847 and 57,381 shares of common stock, respectively. These shares were issued upon the satisfaction of required conditions under our share-based compensation plans. We have paid quarterly dividends since October 25, 2011. We currently pay a regular quarterly dividend of $0.40 per share. In September 2011, our Board of Directors (the “Board”) authorized a share repurchase program allowing us to begin repurchasing shares of our outstanding common stock. Subsequently, the Board has from time to time increased the amount authorized for repurchases under such program. Since the inception of the repurchase program, through June 30, 2026, the Board has authorized us to repurchase up to $3.65 billion of our outstanding common stock. During the three months ended June 30, 2026, we repurchased 0.2 million shares of our common stock for $177.7 million. During the six months ended June 30, 2026, we repurchased 0.3 million shares of our common stock for $265.3 million. Since the inception of the repurchase program through June 30, 2026, we have repurchased 28.8 million shares of our common stock for $3.23 billion. As of June 30, 2026, there remained authorization for us to repurchase $415.2 million of our shares. The repurchase program has no expiration date, does not obligate the Company to acquire any particular amount of common stock, and may be suspended, recommenced, or discontinued at any time or from time to time without prior notice. We may repurchase our shares from time to time to the extent permitted by securities laws and other legal requirements, including provisions in our 2023 Credit Agreement placing limitations on such repurchases.
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