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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity Common and Preferred Stock The following table provides details with respect to the changes to the number of shares of common stock, $0.01 par value, outstanding during 2023 (in thousands):
| Issued |  | Treasury Stock |  | Outstanding
Shares of common stock outstanding – December 31, 2021 | 73,900 |  |  | 12,522 |  |  | 61,378 |
Issuance of common stock to seller of GEODynamics, Inc. | 1,910 |  |  | — |  |  | 1,910 |
Restricted stock awards, net of forfeitures | 778 |  |  | — |  |  | 778 |
Shares withheld for taxes on vesting of stock awards | — |  |  | 162 |  |  | (162) |
Shares of common stock outstanding – December 31, 2022 | 76,588 |  |  | 12,684 |  |  | 63,904 |
Restricted stock awards, net of forfeitures | 631 |  |  | — |  |  | 631 |
Shares withheld for taxes on vesting of stock awards | — |  |  | 206 |  |  | (206) |
Purchases of treasury stock | — |  |  | 1,002 |  |  | (1,002) |
Shares of common stock outstanding – December 31, 2023 | 77,219 |  |  | 13,892 |  |  | 63,327 |
As of December 31, 2023 and December 31, 2022, the Company had 25,000,000 shares of preferred stock, $0.01 par value, authorized, with no shares issued or outstanding. On February 16, 2023, the Company’s Board of Directors authorized $25.0 million for the repurchase of the Company’s common stock, par value $0.01 per share, through February 2025. Over the balance of 2023, the Company repurchased 1,001,753 shares of common stock under the program at a total cost of $6.9 million. The amount remaining under the Company’s share repurchase authorization as of December 31, 2023 was $18.1 million. Subject to applicable securities laws, such purchases will be at such times and in such amounts as the Company deems appropriate. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss, reported as a component of stockholders’ equity, primarily relates to fluctuations in currency exchange rates against the U.S. dollar as used to translate certain of the international operations of the Company’s operating segments. Accumulated other comprehensive loss decreased from $78.9 million at December 31, 2022 to $70.0 million at December 31, 2023. For the years ended December 31, 2023 and 2022, currency translation adjustments recognized as a component of other comprehensive income (loss) were primarily attributable to the United Kingdom and Brazil. During 2023, the exchange rates for the British pound and the Brazilian real strengthened by 6% and 8%, respectively, compared to the U.S. dollar, contributing to other comprehensive income of $9.0 million. During 2022, the exchange rate for the British pound weakened by 11% compared to the U.S. dollar while the Brazilian real strengthened by 6% compared to the U.S. dollar, contributing to other comprehensive loss of $12.9 million.

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