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Equity
3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Equity Equity
Stock Repurchase Programs – We had no stock repurchase activity during the three months ended March 31, 2025 or 2024 except for the repurchase of shares to satisfy employee tax withholding obligations. As of March 31, 2025 and 2024, we had a total of 13.5 million and 13.0 million shares, respectively, held in treasury. As of March 31, 2025 and 2024, we had 2.8 million and 2.3 million shares, respectively, in treasury that were previously surrendered by employees to satisfy tax withholding due in connection with the vesting of certain restricted stock units as well as 10.7 million shares previously repurchased under our past repurchase programs.

For accounting purposes, common stock repurchased under our stock repurchase programs is recorded based upon the settlement date of the applicable trade. Such repurchased shares are held in treasury and are presented using the cost method.
Stock-Based Compensation Expense – Our stock-based compensation expense is summarized by award types for the periods presented below (in thousands):
Three Months Ended
 March 31,
20252024
Restricted stock units
$3,137 $4,636 
Performance-based stock units446 407 
Common stock options166 400 
Employee stock purchase program40 97 
Total stock-based compensation expense$3,789 $5,540 
Related tax benefit recognized$910 $1,312 

The following table summarizes stock-based compensation expense by operating function for the periods presented (in thousands): 
 Three Months Ended
 March 31,
 20252024
Marketing and advertising$497 $644 
Customer care and enrollment264 524 
Technology and content688 974 
General and administrative2,340 3,398 
Total stock-based compensation expense$3,789 $5,540 
Amount capitalized for internal-use software108 178 
Total stock-based compensation$3,897 $5,718