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STOCKHOLDERS' EQUITY | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
STOCKHOLDERS' EQUITY | 11. STOCKHOLDERS' EQUITY Share Repurchase Authorization — On November 13, 2024, the Company announced that the Board of Directors (the "Board") authorized a $400 million stock repurchase program. This authorization is open ended, and any repurchases under the stock repurchase program may be made by means of open market transactions, negotiated block transactions, or otherwise, including pursuant to a repurchase plan administered in accordance with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The size and timing of any repurchases will depend on price, market and business conditions, and other factors. The Company has the ability to make discretionary repurchases up to an annual cap of $150 million, and $393.5 million remained available under the $400 million total authorization of the stock repurchase program as of March 31, 2025. Any shares repurchased will be held as treasury stock. The following table summarizes the Company's repurchases of its common stock:
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
|  | (In millions, except per share data)
Shares repurchased |  | — |  |  | 1.2 |  |  |  |  |
Weighted average price per share |  | $ | — |  |  | $ | 36.61 |  |  |  |  |
Total cost |  | $ | — |  |  | $ | 43.9 |  |  |  |  |
Excise tax (1) |  | $ | — |  |  | $ | 0.4 |  |  |  |  |
(1)The excise tax accrued in connection with the share repurchases was recorded as an adjustment to the cost basis of repurchased shares in treasury stock and within Accrued expenses on the Company’s Condensed Consolidated Balance Sheets.

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