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REPURCHASES OF COMMON STOCK
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
REPURCHASES OF COMMON STOCK REPURCHASES OF COMMON STOCK
We primarily acquire shares of our common stock by repurchases in the open market. We also acquire shares that are surrendered by employees in payment for the statutory withholding taxes due on the vesting of restricted stock units and the settlement of deferred stock units, otherwise referred to herein as employee surrenders. We issue shares of treasury stock upon the vesting of certain restricted stock units and upon the exercise of certain stock options. The number of shares of treasury stock issued during the three and nine months ended September 30, 2024, and 2023, was not material.

The Inflation Reduction Act of 2022 imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022, and is included in the cost of treasury stock acquired in open market repurchases.

The following is a summary of our open market common stock repurchases, reported on a trade date basis, and shares acquired through employee surrenders:
(in thousands, except per share amounts)
For the Three Months Ended
September 30,		For the Nine Months Ended
September 30,
2024202320242023
  
Shares repurchased in the open market459 65 1,177 65 
Shares acquired through employee surrenders for statutory tax withholding1 1 19 20 
Total shares repurchased460 66 1,196 85 
Cost of shares repurchased in the open market$224,945 $35,070 $600,216 $35,070 
Cost of shares for employee surrenders218 231 10,486 9,907 
Total cost of shares$225,163 $35,301 $610,702 $44,977 
Average cost per share - open market repurchases$490.23 $536.03 $509.81 $536.03 
Average cost per share - employee surrenders$465.27 $506.74 $557.64 $503.43 
Average cost per share - total$490.20 $535.83 $510.57 $528.49