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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity During the nine months ended September 30, 2023 and 2022, we issued an aggregate of 455,702 and 483,385 shares of common stock, respectively, in connection with the exercises of stock options at a weighted average exercise price of $18.10 and $18.45 per share, respectively, for net proceeds of approximately $8.2 million and $8.9 million, respectively. For the nine months ended September 30, 2023 and 2022, we issued 328,115 and 252,063 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 $7.2 million and $4.3 million, respectively. Stock options and unvested restricted units totaling approximately 7.7 million and 6.6 million shares of our common stock were outstanding as of September 30, 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. As of September 30, 2023, we have repurchased a total of 12.6 million shares for $500.0 million at an average price per share of $39.81 under our $750 million 3-year share repurchase plan. As of September 30, 2023, $250.0 million of outstanding stock is available to be purchased under the program. 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 Purchased |  | Weighted Average Price Paid Per Share |  | Total Cost(1)
First quarter |  | 4,165,258 |  |  | $ | 36.01 |  |  | $ | 150,083 |
Second quarter |  | — |  |  | — |  |  | — |
Third quarter |  | — |  |  | — |  |  | — |
|  | 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.

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