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Equity | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Stockholders' Equity Note Disclosure | Note 3 - Equity Stock Repurchase Program During the second quarter of 2024, the Company’s Board of Directors re-authorized the Company’s existing stock repurchase program to re-establish the Company’s authorization to repurchase up to $500.0 million in aggregate value of its common stock through December 31, 2027 (“Stock Repurchase Program”). The Stock Repurchase Program permits the Company to repurchase shares of its common stock from time to time in open market transactions, through privately negotiated transactions or by other means in accordance with federal securities laws and subject to certain provisions of the Credit Agreement and the indentures governing the Senior Notes, as defined in Note 5 - Long-Term Debt. Please refer to Note 3 - Equity in the 2023 Form 10-K for additional information regarding the Company’s Stock Repurchase Program. The following table presents activity under the Company’s Stock Repurchase Program:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands, except per share data)
Shares of common stock repurchased (1) | 1,059 |  |  | 2,551 |  |  | 1,771 |  |  | 3,964 |
Weighted-average price per share (2) | $ | 48.35 |  |  | $ | 26.95 |  |  | $ | 47.40 |  |  | $ | 27.44 |
Cost of shares of common stock repurchased (2) (3) | $ | 51,202 |  |  | $ | 68,744 |  |  | $ | 83,955 |  |  | $ | 108,784 |
____________________________________________ (1) All repurchased shares of the Company’s common stock were retired upon repurchase. (2) Amounts exclude excise taxes, commissions, and fees. (3) Amounts may not calculate due to rounding. As of June 30, 2024, following the re-authorization of our existing Stock Repurchase Program, $500.0 million was available for repurchases of the Company’s outstanding common stock through December 31, 2027, under the Stock Repurchase Program. Dividends During the second quarter of 2024, the Company’s Board of Directors approved an increase to the Company’s fixed dividend policy to $0.80 per share annually, to be paid in quarterly increments of $0.20 per share, beginning in the fourth quarter of 2024.

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