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Subsequent Events
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
The Company’s management evaluates subsequent events through the date of issuance of the consolidated financial statements.
As discussed in “Note 7 — Shareholders’ Equity and Stock Incentive Plans,” subsequent to the end of the third quarter of 2024, from October 1, 2024 through October 4, 2024, the Company repurchased an additional 134,613 shares of its common stock at an average price of $31.19 per share for a total purchase price of $4.2 million pursuant to a Rule 10b5-1 trading plan. Additionally, on November 5, 2024, the Company’s Board of Directors increased the Company’s share repurchase authorization by $100.0 million, creating $131.4 million of availability under the Company’s share repurchase program. The Company’s Board of Directors also authorized its recurring quarterly cash dividend of $0.25 per share of the Company’s common stock payable on January 7, 2025 to shareholders of record as of December 20, 2024.
There were no additional subsequent events that occurred after September 30, 2024 but prior to the date of issuance of the consolidated financial statements that would require adjustment to or disclosure in the consolidated financial statements as of and for the three months ended September 30, 2024.