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Equity | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Equity | EQUITY Common Stock The shares of common stock are not convertible into any other series or class of our securities. Holders of common stock are entitled to one vote for each share held of record. Repurchases of Common Stock Repurchases of our common stock occurred under repurchase authorizations granted by our Board of Directors and related to shares withheld as part of the vesting of restricted stock units (RSUs). Share repurchases under our authorization were as follows:
|  | Repurchases Occurring in 2023 |  | Cumulative Repurchases as of December 31, 2023
|  | Shares |  | Average Price |  | Shares |  | Average Price
Share repurchase authorization |  | 142,729 |  |  | $ | 240.81 |  |  | 7,047,510 |  |  | $ | 174.96 |
As of December 31, 2023, we had $467.0 million available for repurchases pursuant to our share repurchase authorization. In addition, during 2023, we repurchased 70,692 shares at an average price of $204.96 per share, for a total of $14.5 million, related to tax withholdings associated with the vesting of RSUs. The repurchase of shares related to tax withholdings associated with share-based awards does not reduce the number of shares available for repurchase as approved by our Board of Directors. The following is a summary of our repurchases in the years ended December 31, 2023, 2022 and 2021:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Shares repurchased pursuant to repurchase authorizations |  | 142,729 |  |  | 2,428,850 |  |  | 756,883 |
Total purchase price ($ in millions) |  | $ | 34.4 |  |  | $ | 671.4 |  |  | $ | 214.8 |
Average purchase price per share |  | $ | 240.81 |  |  | $ | 276.42 |  |  | $ | 283.75 |
Shares repurchased in association with tax withholdings on the vesting of RSUs |  | 70,692 |  |  | 56,911 |  |  | 54,318 |
Dividends We declared and paid dividends on our common stock as follows:
Quarter declared |  | Dividend amount per share |  | Total amount of dividends paid ($ in millions)
2021 |  |  |  |
First quarter |  | $ | 0.31 |  |  | $ | 8.2 |
Second quarter |  | 0.35 |  |  | 9.3 |
Third quarter |  | 0.35 |  |  | 10.6 |
Fourth quarter |  | 0.35 |  |  | 10.6 |
2022 |  |  |  |
First quarter |  | $ | 0.35 |  |  | $ | 10.3 |
Second quarter |  | 0.42 |  |  | 11.9 |
Third quarter |  | 0.42 |  |  | 11.6 |
Fourth quarter |  | 0.42 |  |  | 11.4 |
2023 |  |  |  |
First quarter |  | $ | 0.42 |  |  | $ | 11.5 |
Second quarter |  | 0.50 |  |  | 13.8 |
Third quarter |  | 0.50 |  |  | 13.8 |
Fourth quarter |  | 0.50 |  |  | 13.7 |

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