Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table summarizes purchases of our own equity securities during the three months ended May 31, 2024 (dollars in thousands, except per share amounts):
Period Total Number of Shares Purchased Average Price Paid per Share
Dollar Value 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 (a)
March 1-31
— $ — $ — $ 113,562
April 1-30
540,134 64.80 35,000 965,000
May 1- 31
224,608 66.78 15,000 950,000
Total 764,742 $ 65.38 $ 50,000
(a) On April 18, 2024, our board of directors authorized us to repurchase up to $1.00 billion of our outstanding common stock. This authorization replaced a prior board of directors authorization, which had $113.6 million of remaining availability. In the 2024 second quarter, we repurchased 764,742 shares of our common stock on the open market pursuant to this authorization at a total cost of $50.0 million. As of May 31, 2024, there was $950.0 million of remaining availability under this share repurchase authorization.
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