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Stockholders’ Deficit | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Stockholders’ Deficit | Note 11. Stockholders’ Deficit Share Repurchase Programs Under the Company’s share repurchase programs, share repurchases may be made at the Company’s discretion from time to time in open market transactions, privately negotiated transactions, or other means, subject to a minimum cash balance. The programs do not obligate the Company to repurchase any specific dollar amount or to acquire any specific number of shares of its Class A Common Stock. The timing and number of any shares repurchased under the programs will depend on a variety of factors, including stock price, trading volume, and general business and market conditions. The following table summarizes the share repurchase activity of the Company’s Class A Common Stock for the three months ended June 30, 2024 and 2023 (in thousands):
| Three Months Ended June 30, |
| 2024 |  | 2023 |  |  |
| Shares |  | Amount |  | Shares |  | Amount |  |  |
Repurchases under share repurchase programs | 2,463 |  |  | $ | 78,738 |  |  | 3,320 |  |  | $ | 100,003 |  |  |  |
Amounts for excise tax withholdings and broker’s commissions | — |  |  | 116 |  |  | — |  |  | 502 |  |  |  |
Total repurchases of common stock | 2,463 |  |  | $ | 78,854 |  |  | 3,320 |  |  | $ | 100,505 |  |  |  |
The following table summarizes the share repurchase activity of the Company’s Class A Common Stock for the six months ended June 30, 2024 and 2023 (in thousands):
| Six Months Ended June 30,
| 2024 |  | 2023
| Shares |  | Amount |  | Shares |  | Amount
Repurchases under share repurchase programs | 4,824 |  |  | $ | 159,085 |  |  | 5,480 |  |  | $ | 174,461 |
Amounts for excise tax withholdings and broker’s commissions | — |  |  | 404 |  |  | — |  |  | 820 |
Total repurchases of common stock | 4,824 |  |  | 159,489 |  |  | 5,480 |  |  | 175,281 |
As of June 30, 2024, approximately $326.0 million remained authorized and available under the Company’s share repurchase programs for future share repurchases. The Inflation Reduction Act of 2022 imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022. During the three and six months ended June 30, 2024 and 2023, the Company reflected the applicable excise tax withholdings and broker’s commissions in additional paid in capital as part of the cost basis of the stock repurchased and recorded a corresponding liability for the excise taxes payable in accrued liabilities in the Condensed Consolidated Balance Sheets. During the six months ended June 30, 2024, the Company paid $162.0 million that included $4.1 million that was pending from the prior year and excluded $1.2 million that was settled in July 2024. The following table summarizes the number of shares of the Company’s Class A Common Stock repurchased and settled under share repurchase programs for the three and six months ended June 30, 2024 (in thousands):
Repurchases during three months ended March 31, 2024 |  | 2,361 |
Repurchases unsettled as of March 31, 2024 |  | (115) |
Prior quarter repurchases settled during three months ended March 31, 2024 |  | 118 |
Total repurchases settled as of March 31, 2024 |  | 2,364 |
Repurchases during three months ended June 30, 2024 |  | 2,463 |
Repurchases unsettled as of June 30, 2024 |  | (44) |
Prior quarter repurchases settled during three months ended June 30, 2024 |  | 115 |
Total repurchases settled as of June 30, 2024 |  | 2,534 |

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