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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events  
Subsequent Events

Note 17. Subsequent Events

In July 2024, the Company repurchased an additional $15.0 million in aggregate principal amount of the 2026 Senior Notes for a repurchase price of $12.9 million in cash under the 2022 Repurchase Program.  

In August 2024, a new repurchase program authorized by the Company’s Board of Directors that authorizes the repurchase of common stock and/or convertible senior notes in the amount of up to $200.0 million from time to time, on the open market or otherwise, in such quantities, at such prices, and in such manner as determined by the Company’s management at its discretion and remains in effect through December 31, 2027 (the “2024 Repurchase Program” and, with the 2022 Repurchase Program, the “Repurchase Programs”) became effective. The size and timing of any repurchase will depend on a number of factors, including the market price of the Company’s common stock, general market and economic conditions, and applicable legal requirements. The 2024 Repurchase Program did not modify the 2022 Repurchase Program.

On August 6, 2024, the Company entered into separate, privately negotiated transactions to repurchase approximately $160.0 million aggregate principal amount of the 2026 Senior Notes for a repurchase price of $141.6 million, plus accrued and unpaid interest. The repurchase of the 2026 Senior Notes will be made under the 2024 Repurchase Program and are expected to close on August 9, 2024, subject to customary closing conditions. Following such closings, the Company will have approximately $186.2 million principal amount of the 2026 Senior Notes remain outstanding and will have approximately $73.9 million of repurchase authorization available under the Repurchase Programs. See Note 11 – Convertible Senior Notes and Note 15 – Stockholders’ Equity for additional information regarding the 2026 Senior Notes and the Repurchase Programs.