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Stockholders' Equity
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
During the three months ended March 31, 2023 and 2022, we issued an aggregate of 143,931 and 172,607 shares of common stock, respectively, in connection with the exercises of stock options at a weighted average exercise price of $16.87 and $17.21 per share, respectively, for net proceeds of approximately $2.4 million and $3.0 million, respectively. For the three months ended March 31, 2023 and 2022, we issued 239,919 and 216,886 shares of common stock, respectively, upon vesting of certain RSUs and PSUs for which 70,733 and 68,425 RSUs were withheld from the RSU holders, respectively, to pay for minimum withholding taxes totaling approximately $6.5 million and $4.3 million, respectively. Stock options and unvested restricted units totaling approximately 7.8 million shares and 6.6 million shares of our common stock were outstanding as of March 31, 2023 and December 31, 2022, respectively.
Share Repurchases
In December 2021, the Board of Directors authorized a capital return program to repurchase up to $750.0 million of outstanding stock over a three-year period. During 2021, we repurchased 3.9 million shares of common stock for $150.0 million at an average price of $38.51. During 2022, we repurchased 4.5 million shares of common stock for $200.0 million at an average price of $44.44. All shares repurchased under our capital return programs have been retired and have resumed their status of authorized and unissued shares.
We had the following activity under the approved share repurchase programs (dollars in thousands, except share and per share data):
2023
Total Number of Shares PurchasedWeighted Average Price paid Per Share
Total Cost(1)
First quarter4,165,258 $36.01 $150,083 
4,165,258 $36.01 $150,083 

(1) Included in the total cost of shares purchased is a commission fee of $0.02 per share.