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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2026
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity Share Repurchase Programs Our Board of Directors has authorized multiple non-concurrent programs to repurchase our common stock. On February 10, 2026 (announced February 12, 2026), our Board of Directors approved an additional $200.0 million in repurchase authority under our previously announced share repurchase program ("2025 Program") that was approved on October 29, 2025 to repurchase up to $100.0 million of our common stock, excluding costs to obtain, for a total authorized repurchase amount of $300.0 million. Under the program, purchases may be made from time to time in the open market or in privately negotiated purchases, or both. The share repurchase program became effective December 1, 2025 and expires on December 1, 2027. Details of the programs and activity thereunder through June 30, 2026 were as follows:
(in thousands) | Effective Date | Expiration Date |  | Share Value Authorized for Repurchase |  | Share Value Repurchased |  | Unused & Expired Share Repurchase Value |  | Share Value Available for Future Repurchase
2024 Program | August 2024 | July 2026 |  | $ | 100,000 |  | $ | 99,990 |  |  | $ | 10 |  |  | N/A
2025 Program | December 2025 | December 2027 |  | $ | 300,000 |  | $ | 113,620 |  |  | N/A |  | $ | 186,380 |
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 accounts payable in the condensed consolidated balance sheet. The share repurchase activity by period was as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands, except shares and per share amounts) | 2026 |  | 2025 |  | 2026 |  | 2025
Number of shares repurchased | 905,815 |  |  | 144,786 |  |  | 1,663,536 |  |  | 425,787 |
Total share repurchased cost | $ | 50,019 |  |  | $ | 20,000 |  |  | $ | 98,654 |  |  | $ | 60,000 |
Average total cost per repurchased share | $ | 55.22 |  |  | $ | 138.13 |  |  | $ | 59.30 |  |  | $ | 140.92 |
Treasury Stock Reissuance In connection with the acquisition of Carbon6, t he Company re-issued treasury shares as part of the purchase consideration (see Note B – Business Acquisitions and Other Transactions for further information).

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