XML 34 R20.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Stock Repurchase | 12 Months Ended
--- | ---
Dec. 31, 2023
Stock Repurchase |
Stock Repurchase | (13) Stock Repurchase The Company’s Board of Directors adopted stock repurchase programs in both February 2019 and May 2023, which authorize the Company to repurchase shares of the Company’s common stock in the public market or in private transactions, from time to time, at prevailing prices. The Company’s February 2019 stock repurchase program authorized up to $250.0 million for the repurchase of the Company’s common stock. In May 2023, the Company’s Board of Directors authorized up to $250.0 million for the repurchase of the Company’s common stock, superseding the February 2019 authorization. At December 31, 2023, $90.9 million remained available under the May 2023 authorization. During the year ended December 31, 2023, the Company repurchased 10.6 million shares of common stock for $289.1 million at a weighted average price per share of $27.30, of which $130.0 million was repurchased under the February 2019 stock repurchase program and $159.1 million was repurchased under the May 2023 stock repurchase program. The Company also recorded $2.9 million of excise tax related to the stock repurchases as Treasury Stock in the Company’s Stockholders Equity for the year ended December 31, 2023. The Company did not have any stock repurchases during the years ended December 31, 2022 and 2021. Additionally, during the years ended December 31, 2023, 2022 and 2021, the Company paid $0.6 million, $1.2 million and $1.6 million, respectively, for a net settlement of the income tax obligation on employee equity awards that vested during the applicable periods.

X
- References No definition available. + Details
Name: | us-gaap_ClassOfStockDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_TreasuryStockTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration