Share Repurchase Program |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Share-Based Payment Arrangement [Abstract] | |
| Share Repurchase Program | Share Repurchase Program The Company’s board of directors has authorized the Company to repurchase up to $750.0 million of outstanding shares of its common stock pursuant to a share repurchase program (the “Program”). Under the Program, the Company may repurchase shares of common stock through open market or privately negotiated transactions, block purchases, or pursuant to one or more Rule 10b5-1 plans. The Program does not obligate the Company to repurchase shares of common stock. There is no minimum or maximum number of shares to be repurchased under the Program. During the six months ended June 30, 2026, the Company repurchased 3.5 million shares of its Class A common stock for an aggregate purchase price of $9.4 million under the Program through open market purchases. Approximately $111.8 million remains available for future repurchases of common stock under the Program as of June 30, 2026. All shares repurchased under the Program were immediately retired. Repurchased shares reduced the Company’s outstanding shares and its weighted average number of shares of common stock outstanding for purposes of calculating basic and diluted earnings per share.
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