SHAREHOLDERS' EQUITY (DEFICIT) (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Company's Common Stock Repurchases Made on Open Market

The following table provides information with respect to repurchases of the Company’s common stock made on the open market:


Three months ended (in thousands, except per share data)	Average Price Paid Per Share		Total Number of Shares Repurchased	Dollar Value of Shares Repurchased(1)
March 31, 2025	$	590.60	263	$	155,358
March 31, 2024	$	—	—	$	—

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(1)The values in this column exclude the 1% excise tax incurred on share repurchases pursuant to the Inflation Reduction Act. Any excise tax incurred is recognized as part of the cost of the shares acquired in the Unaudited Condensed Consolidated Statement of Shareholders’ Equity (Deficit).

Schedule of Dividends Declared Per Common Share and Total Amounts Declared, Distributed and Deferred

The following table presents dividends declared per common share as well as total amounts declared, distributed and deferred for the periods indicated:


	Dividends
(in thousands, except per share data)	Per Share		Declared		Distributed		(Released)/Deferred
Three Months Ended March 31, 2025	$	1.80	$	141,392	$	143,820	$	(2,428)
Three Months Ended March 31, 2024	$	1.60	$	129,444	$	131,378	$	(1,934)

Summary of Activity Related to Shares of Common Stock Issued and Repurchased

The following table presents activity related to shares of common stock issued and repurchased during the three months ended March 31, 2025:


	Common Stock	Treasury	Common Stock
	Issued	Stock	Outstanding
Balance at December 31, 2024	134,079,855	(56,335,267)	77,744,588
Dividend payable/paid	45	—	45
Common stock issued and exercise of stock options	218,647	—	218,647
Shares withheld for tax withholding	—	(98,463)	(98,463)
Shares repurchased under stock repurchase programs	—	(263,051)	(263,051)
Shares issued to directors	14	(14)	—
Balance at March 31, 2025	134,298,561	(56,696,795)	77,601,766