Stockholders' Equity |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| Stockholders' Equity | 13. Stockholders’ Equity Share Repurchase Program On October 29, 2020, the Company’s board of directors (the “Board”) approved a share repurchase program authorizing the repurchase of up to an aggregate of 20.0 million shares (the “2020 Repurchase Program”). Share repurchases under the 2020 Repurchase Program may be made through the open market, established plans or privately negotiated transactions in accordance with all applicable securities laws, rules and regulations. There is no expiration date applicable to the 2020 Repurchase Program. During the nine months ended September 30, 2026, the Company repurchased shares of its common stock under multiple repurchase arrangements as part of the 2020 Repurchase Program, including a $100.0 million accelerated share repurchase program and two share repurchase plans. The Company repurchased approximately 1.5 million shares for $138.9 million during the nine-month period, of which approximately 1.4 million shares for $135.9 million were repurchased during the three months ended September 30, 2026. These amounts include taxes and fees. All repurchased shares were retired and recorded as a reduction to stockholders’ equity. During the nine months ended September 30, 2025, the Company repurchased 0.1 million shares for approximately $5.8 million under the 2020 Repurchase Program, which were retired and recorded as a reduction to stockholders’ equity. As of September 30, 2026, there remained an outstanding authorization to repurchase approximately 4.1 million shares of the Company’s outstanding common stock under the 2020 Repurchase Program. The Company records share repurchases as a reduction to stockholders' equity. Effective January 1, 2026, upon adoption of ASU No. 2025-12, Issue 10, the Company records the excess of the repurchase price over par or stated value of the repurchased shares entirely as a deduction from additional paid-in capital, provided that additional paid-in capital does not become negative. See Note 2, "Recent Accounting Pronouncements," for further information. On September 10, 2026, the Company entered into a new repurchase plan. The plan became effective on October 1, 2026, and expires on September 30, 2027, with provisions to terminate sooner. |