Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table summarizes the share repurchase activity under our publicly announced share repurchase program and those made outside of the publicly accounted program during the three months ended March 31, 2026 (in thousands, except per share data):
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (1)
January 1, 2026 - January 31, 2026 — $ — — $ 200,000
February 1, 2026 - February 28, 2026 2,065 $ 24.22 2,065 $ 150,000
March 1, 2026 - March 31, 2026 1,830 $ 27.33 1,830 $ 100,000
Total 3,895 3,895
(1) On August 12, 2025, the Company announced a program to repurchase up to $150.0 million of the Company’s common stock which was approved by the Board of Directors on August 7, 2025. As of March 31, 2026, there were no remaining funds authorized or available for stock repurchases under this program. On February 3, 2026, the Company announced a new program to repurchase up to $200.0 million of the Company’s common stock, which was approved by the Board of Directors on January 29, 2026. As of March 31, 2026, remaining availability under this repurchase program was $100.0 million. The program does not obligate the Company to acquire a minimum amount of shares and may be modified, suspended or discontinued at any time at the Company’s discretion. The program does not have an expiration date.
The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards.
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
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