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STOCKHOLDERS' EQUITY | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS' EQUITY Common Stock The following table shows the beginning and ending balances of our issued and outstanding common stock for the year ended December 31, 2023, 2022, and 2021:
| Year Ended December 31,
| 2023 | 2022 | 2021
Shares issued and outstanding, beginning balance | 60,555,661 |  | 65,968,224 |  | 66,456,663 |
Issuance of common stock from vested restricted stock units | 774,579 |  | 841,861 |  | 748,881 |
Issuance of common stock from exercise of stock options | 182,067 |  | 116,592 |  | 73,118 |
Issuance of common stock for employee stock purchase plan | 175,446 |  | 158,134 |  | 136,861 |
Issuance of common stock for the acquisition of Zenefits | — |  | 193,221 |  | — |
Repurchase of common stock | (10,734,790) |  | (6,398,279) |  | (1,161,909) |
Awards effectively repurchased for required employee withholding taxes | (288,492) |  | (324,092) |  | (285,390) |
Shares issued and outstanding, ending balance | 50,664,471 |  | 60,555,661 |  | 65,968,224 |
Stock Repurchases In February 2020, our board of directors authorized a $300 million incremental increase to our ongoing stock repurchase program. In February 2022 and November 2022, our board of directors authorized a further $300 million and $200 million, respectively, incremental increase to this stock repurchase program. In February 2023 and July 2023, our board of directors authorized a further $300 million and $1 billion, respectively, incremental increase to this stock repurchase program. This repurchase authorization has no expiration. On March 17, 2022, we completed a tender offer through which we repurchased 3,653,690 shares of common stock at a price of $86.50 per share, for total consideration of approximately $319 million, which includes costs directly attributable to the purchase. On December 6, 2022. we completed a second tender offer and purchased 1,515,258 shares of common stock at a price of $72.00 per share, for total consideration of approximately $111 million, which includes costs directly attributable to the purchase. In August 2023, we completed a tender offer through which we repurchased 5,981,308 shares of common stock at a price of $107.00 per share, for total consideration of approximately $640 million. In September 2023, we repurchased 3,364,486 shares of common stock at a price of $107.00 per share, for total consideration of approximately $360 million, through a purchase agreement with our largest stockholder, Atairos Group, Inc. Atairos Group, Inc. agreed to proportionally sell additional shares so as to continue to beneficially own approximately 36% of the outstanding Shares immediately following the completion of the Closing. We retire shares in the period they are acquired and account for the payment as a reduction to stockholders' equity (retained deficit). The following table summarizes the share repurchases under this program for the years ended December 31, 2023, 2022 and 2021:
| Year Ended December 31,
| 2023 | 2022 | 2021
Total cost (in millions) | $ | 1,112 |  | $ | 519 |  | $ | 94 |
Total shares | 10,734,790 |  | 6,398,279 |  | 1,161,909 |
Average price per share | $ | 103.59 |  | $ | 81.07 |  | $ | 81.13 |
As of December 31, 2023, $433 million remains available for repurchase under all authorizations approved by the board of directors. Dividends In February 2024, our board of directors authorized a dividend of $0.25 per share for an aggregate amount of approximately $13 million to be paid in the second quarter of 2024.

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