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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity During the years ended December 31, 2023, 2022 and 2021, we issued an aggregate of 565,343, 789,870 and 1,179,032 shares of common stock, respectively, in connection with the exercises of stock options, for net proceeds of approximately $10.0 million, $15.3 million and $16.6 million, respectively. For the years ended December 31, 2023, 2022 and 2021, we issued 333,379, 254,907 and 299,958 shares of common stock, respectively, upon vesting of certain RSUs and PSUs for which the RSU holders surrendered 70,733, 68,425 and 94,795 RSUs, respectively, to pay for minimum withholding taxes totaling approximately $7.3 million, $4.4 million and $8.2 million, respectively. Stock options and unvested restricted units totaling approximately 7.8 million, 6.6 million and 5.9 million shares of our common stock were outstanding as of December 31, 2023, 2022 and 2021, respectively. Share Repurchases In December 2021, the Board of Directors authorized a second 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. We accelerated the initiation of our planned 2024 share repurchases and in November 2023, we entered into an Accelerated Share Repurchase (“ASR”) agreement with Bank of America to accelerate the remaining $250.0 million of share repurchases under the approved capital return program. Pursuant to the agreement, at the inception of the ASR, we paid $250.0 million to Bank of America and took initial delivery of 5.5 million shares. All shares repurchased under our capital return programs have been retired and have resumed their status of authorized and unissued shares. As of December 31, 2023, excluding the shares we received under the ASR, 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. 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 |  | — |  |  | — |  |  | — |
Fourth quarter |  | — |  |  | — |  |  | — |
|  | 4,165,258 |  |  | 36.01 |  |  | $ | 150,083 |
Accelerated share repurchase (2) |  | 5,452,563 |  |  | $ | — |  |  | $ | 250,000 |
(1)Included in the total cost of shares purchased is a commission fee of $0.02 per share. (2)Purchased through an ASR agreement executed to repurchase $250.0 million of common stock. In November 2023, we took initial delivery of 5.5 million shares in accordance with the ASR. Final shares will be delivered on or before June 10, 2024.

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