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Stockholders' Equity
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Stockholders' Equity
10. Stockholders' Equity
Stock repurchase program
Under our stock repurchase program, we are authorized to repurchase shares from time to time in accordance with applicable laws both on the open market, including under trading plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and in privately negotiated transactions. The timing and amount of repurchases depends on several factors, including market and business conditions, the trading price of our common stock and the nature of other investment opportunities. The repurchase program does not have an expiration date and may be limited, suspended or discontinued at any time without prior notice. Under the 2024 Credit Agreement, we have restrictions on our ability to repurchase shares of our common stock, which are summarized on page 37 in this report.
We account for purchases of treasury stock under the cost method. On July 16, 2024, our Board of Directors reauthorized, expanded and replenished our stock repurchase program by expanding the total capacity under the program to $800.0 million available for repurchases.
During the three months ended March 31, 2025, we repurchased an aggregate of 1,513,022 shares for $100.0 million. The remaining amount available to purchase stock under the approved stock repurchase program was $544.5 million as of March 31, 2025.
Changes in accumulated other comprehensive (loss) income by component
The changes in accumulated other comprehensive (loss) income by component, consisted of the following:
Three months ended
March 31,
(in thousands)
2025
2024
Accumulated other comprehensive loss, beginning of period$(4,869)$(1,688)
By component:
Gains and losses on cash flow hedges:
Accumulated other comprehensive income balance, beginning of period$7,799 $8,158 
Other comprehensive (loss) income before reclassifications, net of tax effects of $2,763 and $(2,966)
(2,714)8,121 
Amounts reclassified from accumulated other comprehensive (loss) income(1,215)(5,507)
Tax (benefit) expense included in provision for income taxes(2,763)1,481 
Total amounts reclassified from accumulated other comprehensive (loss) income(3,978)(4,026)
Net current-period other comprehensive (loss) income(6,692)4,095 
Accumulated other comprehensive income balance, end of period$1,107 $12,253 
Foreign currency translation adjustment:
Accumulated other comprehensive loss balance, beginning of period$(12,668)$(9,846)
Translation adjustment3,259 (1,185)
Accumulated other comprehensive loss balance, end of period(9,409)(11,031)
Accumulated other comprehensive (loss) income, end of period$(8,302)$1,222