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Shareholders' Equity | 9 Months Ended
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Sep. 30, 2025
Equity [Abstract] |
Shareholders' Equity | 6. SHAREHOLDERS' EQUITY Stock Repurchase Programs On July 22, 2025, the Board of Directors of the Company approved a common stock repurchase program of up to $500.0 million (the "July 2025 Stock Repurchase Program"). The July 2025 Stock Repurchase Program includes and is not in addition to the $169.2 million previously remaining under the March 2025 Stock Repurchase Program. Share repurchases may be made at management’s discretion from time to time in the open market (either with or without a 10b5-1 plan) or through privately negotiated transactions. The repurchase program has no time limit and may be suspended or discontinued at any time. We had approximately $461.5 million of repurchase authority remaining under the July 2025 Stock Repurchase Program at September 30, 2025, based on trade date. On March 12, 2025, the Board of Directors of the Company approved a new common stock repurchase program of up to $500.0 million (the "March 2025 Stock Repurchase Program"). The March 2025 Stock Repurchase Program included and was not in addition to the $125.6 million remaining under the 2021 Stock Repurchase Program. As described above, the March 2025 Stock Repurchase Program has since been replaced by the July 2025 Stock Repurchase Program. During the three and nine months ended September 30, 2025 and 2024, we repurchased the following shares under our stock repurchase programs:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions, except share data) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Repurchase Program |  | Shares | Aggregate Purchase Price |  | Shares | Aggregate Purchase Price |  | Shares | Aggregate Purchase Price |  | Shares | Aggregate Purchase Price
July 2025 Stock Repurchase Program |  | 373,282 |  | $ | 38.5 |  |  | — |  | $ | — |  |  | 373,282 |  | $ | 38.5 |  |  | — |  | $ | — |
March 2025 Stock Repurchase Program |  | 142,245 |  | 15.0 |  |  | — |  | — |  |  | 3,294,447 |  | 330.8 |  |  | — |  | — |
2021 Stock Repurchase Program |  | — |  | — |  |  | 67,139 |  | 9.0 |  |  | 212,012 |  | 24.0 |  |  | 345,834 |  | 43.9 |
Total |  | 515,527 |  | $ | 53.5 |  |  | 67,139 |  | $ | 9.0 |  |  | 3,879,741 |  | $ | 393.3 |  |  | 345,834 |  | $ | 43.9 |
The Duchossois Group Share Repurchase On January 2, 2024, the Company closed on an agreement, dated December 18, 2023, with an affiliate of The Duchossois Group ("TDG") to repurchase 1,000,000 shares of the Company’s common stock, for $123.75 per share in a privately negotiated transaction for an aggregate purchase price of $123.8 million. This represented a discount of 4.03% to the closing price on December 15, 2023, of $128.95. The repurchase of shares of common stock from TDG was approved by the Company's Board of Directors separately from and did not reduce the authorized amount remaining under any existing common stock repurchase programs. The repurchase of the shares was funded using available cash and borrowings under the Company’s senior secured credit facility. As of September 30, 2025 and December 31, 2024, we had $0.5 million and $3.0 million, respectively, accrued for the future cash settlement of executed repurchases of our common stock.

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