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Preferred and Common Stockholders' Equity
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
PREFERRED AND COMMON STOCKHOLDERS' EQUITY PREFERRED AND COMMON STOCKHOLDERS' EQUITY
The Company is authorized to issue up to 5.0 million shares of preferred stock, par value $0.01 per share. There were no shares of preferred stock outstanding at December 31, 2022 and December 31, 2021.
The Company is authorized to issue up to 150.0 million shares of common stock, par value $0.01 per share. There were 81.2 million and 80.0 million shares of common stock issued and outstanding at December 31, 2022 and 2021, respectively.
Shares of common stock issued and outstanding
Years Ended December 31,Six-month Transition Period Ended December 31,Year Ended June 30,
(in millions)2022202120202020
Beginning common stock issued and outstanding80.0 75.4 74.7 73.5 
Common stock issued upon exercise of options, vesting of restricted stock units, and purchases under employee stock purchase plans1.2 4.6 0.7 1.2 
Common stock issued and outstanding at end of period81.2 80.0 75.4 74.7 

Stock Repurchase Program
In June 2016, the Company’s Board of Directors authorized a share repurchase program of $200.0 million of the Company’s outstanding common stock. The Company may repurchase its common stock from time to time or on an accelerated basis through open market transactions or privately negotiated transactions as determined by the Company’s management. The amount and timing of stock repurchases under the program will depend on business and market conditions, stock price, trading restrictions, acquisition activity and other factors.  As of December 31, 2022, the Company had $110.7 million remaining on its current share repurchase authorization. No shares were repurchased during the years ended December 31, 2022 and 2021 under this authorization.