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Stockholders' Equity and Noncontrolling Interests
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Stockholders' Equity and Noncontrolling Interests
NOTE 7: Stockholders' Equity and Noncontrolling Interests
Stockholders’ Equity
On March 14, 2023, our board of directors declared a dividend of $0.14 per share on our common stock, which
was paid on April 21, 2023 to common stockholders of record as of March 31, 2023.
On May 18, 2022, our Board of Directors authorized a common stock repurchase program (the "Stock Repurchase Program") covering up to $250,000 in shares of our common stock. Under the Stock Repurchase Program, we, in our discretion, may purchase our shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors, including the price and availability of our shares, trading volumes and general market conditions. The Stock Repurchase Program has no time limit and may be suspended or discontinued at any time. During the three months ended March 31, 2023, we had no repurchases of shares under the Stock Repurchase Program. As of March 31, 2023, we had $250,000 in shares of our common stock remaining authorized for purchase under the Stock Repurchase Program.
On November 13, 2020, we entered into an equity distribution agreement pursuant to which we may from time to time offer and sell shares of our common stock having an aggregate offering price of up to $150,000 (the “ATM Program”) in negotiated transactions or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended. Under the ATM Program, we may also enter into one or more forward sale transactions for the sale of shares of our common stock on a forward basis. There were no forward sale transactions that had not settled as of March 31, 2023. As of March 31, 2023, shares of our common stock having an aggregate offering price of up to approximately $56,836 remained available for issuance under the ATM Program.
Noncontrolling Interest
During the three months ended March 31, 2023, holders of IROP units exchanged 144,600 units for 144,600 shares of our common stock. As of March 31, 2023, 5,946,571 IROP units held by unaffiliated third parties remain outstanding.
On March 14, 2023, our board of directors declared a dividend of $0.14 per unit, which was paid on April 21,
2023 to IROP LP unit holders of record as of March 31, 2023.