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Stockholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Accumulated other comprehensive income
The change in accumulated other comprehensive income related to our interest rate derivatives, net of taxes, was as follows (in millions):
Three months ended June 30,Six months ended June 30,
2026202520262025
Accumulated gain at beginning of period$22.4 $29.7 $22.1 $35.0 
Unrealized gain (loss) in fair value of interest rate derivatives2.3 (4.3)3.9 (10.4)
Reclassifications of realized net (gains) losses to earnings(1.3)0.2 (2.6)1.0 
Accumulated gain at end of period$23.4 $25.6 $23.4 $25.6 
The reclassifications of realized net (gains) losses to earnings in the above table are recorded within interest expense, net.
Share repurchases
During the three months ended June 30, 2026, we repurchased approximately 365 thousand shares of our common stock with an aggregate price of approximately $76.2 million, or $208.66 price per share. Repurchases during the six months ended June 30, 2026 amounted to 456 thousand shares of our common stock with an aggregate price of approximately $101.7 million, or $222.97 average price per share. The effect of these treasury shares in reducing the number of common shares outstanding is reflected in our earnings per share calculation. During the three months ended June 30, 2025, we repurchased 300 thousand shares of our common stock with an aggregate price of approximately $49.2 million, or $163.86 price per share. Repurchases during the six months ended June 30, 2025 amounted to 500 thousand shares of our common stock with an aggregate price of approximately $83.5 million, or $166.90 average price per share.
On February 26, 2026, we announced that our board of directors authorized a new stock repurchase program that allows for the repurchase of up to $500.0 million of our outstanding common stock. The new program replaces the previous program and is in effect through March 1, 2027.
Dividends
During the six months ended June 30, 2026, we declared and paid the following cash dividends (amount declared and amount paid in millions):
Declaration DateRecord DatePayment DateDividend Per ShareAmount DeclaredAmount Paid
2/26/20263/13/20263/31/2026$1.80 $48.7 $48.3 
2/26/20263/13/20263/31/20260.39 10.5 10.4 
5/7/20266/15/20266/30/20260.39 10.4 10.4 
During the six months ended June 30, 2025, we declared and paid the following cash dividends (amount declared and amount paid in millions):
Declaration DateRecord DatePayment DateDividend Per ShareAmount DeclaredAmount Paid
2/27/20253/14/20253/31/2025$1.70 $47.1 $46.7 
2/27/20253/14/20253/31/20250.37 10.2 10.1 
5/8/20256/15/20256/30/20250.37 10.1 10.1 
The amount of dividends declared may vary from the amount of dividends paid in a period due to the vesting of restricted stock awards and performance share awards, which accrue dividend equivalent rights that are paid when the award vests. During the six months ended June 30, 2026 and 2025, we also paid $0.7 million and $0.8 million, respectively, in accrued dividends not included in the table above related to the vesting of these awards. The payment of future dividends will be at the discretion of
our board of directors and will depend on our future earnings, capital requirements, financial condition, future prospects, results of operations, contractual restrictions, legal requirements, and other factors deemed relevant by our board of directors.