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Stockholders' Equity
 12 Months Ended
Dec. 31, 2024
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 2024 and 2023 (in thousands):
IssuedTreasury StockOutstanding
Shares of common stock outstanding – December 31, 202276,588 12,684 63,904 
Restricted stock awards, net of forfeitures631 — 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, 202377,219 13,892 63,327 
Restricted stock awards, net of forfeitures1,387 — 1,387 
Shares withheld for taxes on vesting of stock awards— 411 (411)
Purchases of treasury stock— 2,810 (2,810)
Shares of common stock outstanding – December 31, 202478,606 17,113 61,493 
As of December 31, 2024 and 2023, 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. On October 24, 2024, the Company’s Board of Directors terminated the Company’s existing common stock repurchase program and replaced it with a new $50.0 million common stock repurchase authorization, which expires in October 2026. Subject to applicable securities laws, such purchases will be at such times and in such amounts as the Company deems appropriate.
During the year ended December 31, 2024, the Company purchased 2.8 million shares of common stock under the programs at a total cost of $14.2 million. The amount remaining under the Company’s current share repurchase authorization as of December 31, 2024 was $41.3 million.
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 increased from $70.0 million at December 31, 2023 to $79.5 million at December 31, 2024. For the years ended December 31, 2024 and 2023, currency translation adjustments recognized as a component of other comprehensive income (loss) were primarily attributable to the United Kingdom and Brazil.
During the year ended December 31, 2024, the exchange rates for the British pound and the Brazilian real weakened by 1% and 22%, respectively, compared to the U.S. dollar, contributing to other comprehensive loss of $9.5 million. During the year ended December 31, 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.