XML 28 R17.htm IDEA: XBRL DOCUMENT v3.24.3
Stockholders' Equity
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Share Repurchase Programs
Our board of directors has authorized multiple non-concurrent programs to repurchase our common stock. Details of the programs and activity thereunder through September 30, 2024 were as follows:
(in thousands)Effective DateExpiration DateShare Value Authorized for RepurchaseShare Value RepurchasedUnused & Expired Share Repurchase ValueShare Value Available for Future Repurchase
2022 ProgramAugust 2022July 2024$50,000 $40,556 $9,444 N/A
2024 ProgramAugust 2024July 2026100,000 — N/A$100,000 
Share repurchases are accounted for as the trade date occurs and are reflected in the condensed consolidated financial statements net of the costs incurred to acquire the shares. Share repurchases that have not yet settled in cash are included in accrued expenses in the condensed consolidated balance sheet. The share repurchase activity by period was as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands, except shares and per share amounts)2024202320242023
Number of shares repurchased456 — 205,331 — 
Total share repurchased cost$84 $— $37,567 $— 
Average total cost per repurchased share$184.21 $— $182.96 $— 
Treasury Stock Reissuance
In connection with the acquisitions of SupplyPike and Traverse Systems, the Company re-issued treasury shares as part of the purchase considerations (see Note B – Business Combinations for further information). Treasury stock reissuances are accounted for using the specific identification method, with gains (or losses to the extent of previously recognized gains) recognized in additional paid-in capital and any remaining loss recorded in retained earnings.