XML 160 R20.htm IDEA: XBRL DOCUMENT v3.24.2.u1
EQUITY
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
EQUITY EQUITY
Repurchases of Common Stock
Repurchases of our common stock occurred under a repurchase authorization granted by our Board of Directors and related to shares withheld as part of the vesting of restricted stock units (RSUs).

On June 4, 2024, our Board of Directors approved an additional $350 million repurchase authorization of our common stock. This new authorization is in addition to the amount previously authorized by the Board for repurchase. Share repurchases under our authorization were as follows:
 Repurchases Occurring in 2024Cumulative Repurchases as of June 30, 2024
 Shares
Average Price1
SharesAverage Price
Share Repurchase Authorization788,569 $256.25 7,836,079 $183.14 
1Price excludes excise taxes imposed under the Inflation Reduction Act of $1.5 million for the three and six months ending June 30, 2024.

As of June 30, 2024, we had $614.9 million available for repurchases pursuant to our share repurchase authorization from our Board of Directors in 2024 and prior years.

In addition, during 2024, we repurchased 45,817 shares at an average price of $328.72 per share, for a total of $15.1 million, related to tax withholding associated with the vesting of RSUs. The repurchase of shares related to tax withholding associated with stock awards does not reduce the number of shares available for repurchase as approved by our Board of Directors.