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Shares Repurchased
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Shares Repurchased
23. Shares Repurchased
Included under the Company’s share repurchase program are purchases to offset future equity grants made under the Company’s equity plans and purchases made in open market or privately negotiated transactions. This authority may be exercised from time to time, subject to regulatory considerations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions and other corporate liquidity requirements and priorities. The repurchase program may be suspended or terminated at any time without prior notice. Shares repurchased under this program are returned to the status of authorized and unissued on the Company’s books and records.
During the years ended December 31, 2021, 2020 and 2019, the Company repurchased 5,120,496, 8,234,324 and 370,428 shares of its common stock, respectively, under this program for an aggregate cost of $34,506, $31,197 and $2,341, respectively. Shares repurchased under this program were returned to the status of authorized and unissued on the Company’s books and records.
As of December 31, 2021, $17,685 remained under this program for future
purchases. On February 22, 2022, the Company’s
b
oard of
d
irectors approved an increase of $85.7 million to the Company’s share repurchase program and extended the term for three years through April 27, 2025.