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Stockholders' Equity
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Accumulated other comprehensive income
The change in accumulated other comprehensive income related to our interest rate derivatives, net of taxes, was as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2023202220232022
Accumulated gain (loss) at beginning of period$34,251 $17,884 $40,560 $(227)
Unrealized gains (losses) in fair value4,578 9,500 (2,549)27,031 
Reclassifications of realized net losses to earnings824 650 1,642 1,230 
Accumulated gain at end of period$39,653 $28,034 $39,653 $28,034 
The reclassifications of realized net losses to earnings in the above table are recorded within interest expense, net.
Share repurchases
We did not repurchase any common stock during the three and six months ended June 30, 2023, however we repurchased approximately 554 thousand shares of our common stock with an aggregate price of approximately $49.8 million, or $89.94 average price per share, during the three months ended June 30, 2022. Repurchases during the six months ended June 30, 2022 amounted to approximately 1.1 million shares of our common stock with an aggregate price of approximately $99.7 million, or $93.59 average price per share. The effect of these treasury shares in reducing the number of common shares outstanding is reflected in our earnings per share calculation.
On February 22, 2023, we announced that our board of directors authorized a new stock repurchase program that allows for the repurchase of up to $200.0 million of our outstanding common stock. The new program replaces the previous program and is in effect through March 1, 2024.
Dividends
During the six months ended June 30, 2023, we declared and paid the following cash dividends (amount declared and amount paid in thousands):
Declaration DateRecord DatePayment DateDividend Per ShareAmount DeclaredAmount Paid
2/22/20233/15/20233/31/2023$0.90 $25,537 $25,270 
2/22/20233/15/20233/31/20230.33 9,364 9,266 
5/5/20236/15/20236/30/20230.33 9,375 9,307 
During the six months ended June 30, 2022, we declared and paid the following cash dividends (amount declared and amount paid in thousands):
Declaration DateRecord DatePayment DateDividend Per ShareAmount DeclaredAmount Paid
2/24/20223/15/20223/31/2022$0.90 $26,585 $26,242 
2/24/20223/15/20223/31/20220.315 9,305 9,184 
5/5/20226/15/20226/30/20220.315 9,054 8,982 
The amount of dividends declared may vary from the amount of dividends paid in a period due to the vesting of restricted stock awards and performance share awards, which accrue dividend equivalent rights that are paid when the award vests. During the six months ended June 30, 2023 and 2022, we also paid $0.6 million and $0.5 million, respectively, in accrued dividends not included in the table above related to the vesting of these awards. The payment of future dividends will be at the discretion of our board of directors and will depend on our future earnings, capital requirements, financial condition, future prospects, results of operations, contractual restrictions, legal requirements, and other factors deemed relevant by our board of directors.