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Shareholders' Equity | 9 Months Ended
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Sep. 30, 2024
Shareholders' Equity [Abstract] |
Shareholders' Equity | 11.SHAREHOLDERS’ EQUITY Common Stock Equivalents The Company has outstanding stock options, time-based restricted stock units (“RSUs”), and performance-based restricted stock units (“PSUs”) which were considered in the Company’s diluted earnings per share calculation (see Note 15). Registration of Additional Shares On February 29, 2024, the Company filed with the Securities and Exchange Commission an automatic shelf registration statement for well-known seasoned issuers on Form S-3ASR, which enables the Company to issue shares of its Class A common stock, preferred stock, debt securities, warrants, or depositary shares as well as units that include any of these securities. The Company will file a prospectus supplement containing the amount and type of securities each time it issues securities under its automatic shelf registration statement on Form S-3ASR. During the nine months ended September 30, 2024, the Company did no t issue any securities under this automatic shelf registration statement. Stock Repurchases The Company’s Board of Directors authorizes the Company to purchase, from time to time, outstanding Class A common stock through open market repurchases in compliance with Rule 10b-18 under the Exchange Act, and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements, and other factors. Once authorized, the repurchase plan has no time deadline and will continue until otherwise modified or terminated by the Company’s Board of Directors at any time in its sole discretion. Shares repurchased are retired. On October 28, 2021, the Company’s Board of Directors authorized a $1.0 billion stock repurchase plan. As of the date of this filing, the Company had $204.7 million of authorization remaining under this plan. ‎ The following is a summary of the Company’s share repurchases:
|  | For the three months |  | For the nine months
|  | ended September 30, |  | ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Total number of shares purchased (in millions) (1) |  |  | — |  |  | 0.4 |  |  | 0.9 |  |  | 0.4
Average price per share (1) |  | $ | — |  | $ | 197.75 |  | $ | 213.85 |  | $ | 197.75
Total purchase price (in millions) (1) |  | $ | — |  | $ | 87.3 |  | $ | 200.0 |  | $ | 87.3
(1)Amounts reflected are based on the trade date and may differ from the Consolidated Statements of Cash Flows which reflects share repurchases based on the settlement date. Dividends For the nine months ended September 30, 2024, the Company paid the following cash dividends:
|  | Payable to Shareholders |  |  |  |  |  |
|  | of Record at the Close |  | Cash Paid |  | Aggregate Amount |  |
Date Declared |  | of Business on |  | Per Share |  | Paid |  | Date Paid
February 26, 2024 |  | March 14, 2024 |  | $0.98 |  | $108.1 million (1) |  | March 28, 2024
April 29, 2024 |  | May 23, 2024 |  | $0.98 |  | $105.3 million |  | June 18, 2024
July 28, 2024 |  | August 22, 2024 |  | $0.98 |  | $105.3 million |  | September 18, 2024
(1)Amount reflected includes the payment of $1.9 million in dividend equivalents. Dividends paid in 2024 were ordinary taxable dividends. Subsequent to September 30, 2024, the Company declared the following cash dividends:
|  | Payable to Shareholders |  | Cash to |  |
|  | of Record at the Close |  | be Paid |  |
Date Declared |  | of Business on |  | Per Share |  | Date to be Paid
October 27, 2024 |  | November 14, 2024 |  | $0.98 |  | December 12, 2024

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