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TREASURY STOCK | 6 Months Ended
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Jun. 30, 2022
TREASURY STOCK |
TREASURY STOCK | 14. TREASURY STOCK On March 13, 2020, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to $500.0 million of the Company’s outstanding common stock (the “March 2020 Repurchase Plan”). During the three-months ended June 30, 2022, the Company purchased approximately 3.3 million shares of common stock at an average purchase price of $86.53 per share, for a total amount of approximately $284.1 million (excluding broker commissions), under the March 2020 Repurchase Plan. Such shares are included in the common stock in treasury in the accompanying condensed balance sheet at June 30, 2022. As of August 5, 2022, $157.4 million remained available for repurchase under the March 2020 Repurchase Plan. On June 14, 2022, the Company’s Board of Directors authorized a share repurchase program for the purchase of up to an additional $500.0 million of the Company’s outstanding common stock (the “June 2022 Repurchase Plan”). During the three-months ended June 30, 2022, no shares were repurchased under the June 2022 Repurchase Plan. As of August 5, 2022, $500.0 million remained available for repurchase under the June 2022 Repurchase Plan. During the three-months ended June 30, 2022, 2,936 shares of common stock were purchased from employees in lieu of cash payments for options exercised or withholding taxes due for a total amount of $0.3 million. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at June 30, 2022.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2208821 + Details
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