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PREFERRED AND COMMON STOCKHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2024
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, 2024 and December 31, 2023.
The Company is authorized to issue up to 150.0 million shares of common stock, par value $0.01 per share.
In November 2023, the Company completed an underwritten public offering in which it sold 7.4 million shares of its common stock at a price of $17.00 per share, for gross proceeds of $126.5 million and net proceeds of $117.6 million.
There were 91.3 million and 89.9 million shares of common stock issued and outstanding at December 31, 2024 and 2023, respectively.
Shares of common stock issued and outstanding
Years Ended December 31,
(in millions)202420232022
Beginning common stock issued and outstanding89.9 81.2 80.0 
Common stock issued upon exercise of options, vesting of restricted stock units, and purchases under employee stock purchase plans1.4 1.3 1.2 
Common stock issued for public offering
— 7.4 — 
Common stock issued and outstanding at end of period91.3 89.9 81.2