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Repurchases of Common Stock | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Repurchases of Common Stock |
6. | Repurchases of Common Stock
Under share buyback plans, which may be authorized by our board of directors from time to time, the Company may repurchase up to specified dollar values of shares of its common stock through open market purchases, privately negotiated transactions, accelerated share repurchase programs, issuer self-tender offers or other methods approved by our board of directors. Pursuant to a previously approved and announced repurchase program, during the three and six months ended June 30, 2024, the Company repurchased approximately 0.5 million and 0.8 million shares, respectively, and during the six months ended June 30, 2023, the Company repurchased approximately 0.5 million shares, an insignificant number of which were repurchased during the three months ended June 30, 2023. The total repurchases were recorded as treasury stock of $174.4 million during 2024 and $96.0 million during 2023 in our condensed consolidated balance sheets. The above costs reflect the applicable one percent excise tax imposed by the Inflation Reduction Act of 2022 on the net value of certain stock repurchases.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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