Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities (amounts in the table below shown in thousands, except per share amounts)
The following table provides a summary of the Company’s purchases of its common stock during the three months ended March 31, 2026 pursuant to the Company’s previously authorized share repurchase program:
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 yet to be purchased under the plans or programs (1)
1/1/26 - 1/31/26 196 $ 33.58 196 $ 24,310
2/1/26 - 2/28/26 858 $ 33.46 858 145,616
3/1/26 - 3/31/26 2,114 $ 33.03 2,114 75,795
Total 3,168 $ 33.18 3,168 $ 75,795
(1) On September 13, 2024, the Company announced that its Board of Directors had approved a stock repurchase program to acquire up to $100 million of the Company’s common stock. On October 30, 2025, the Company announced that its Board of Directors had approved a $150 million increase to the authorization for the Company’s stock repurchase program. On February 19, 2026, the Company announced that its Board of Directors had approved an additional $150 million increase to the existing authorization for the Company’s stock repurchase program, for a total authorization of $400 million that has no fixed expiration date. As of March 31, 2026, the Company had $75.8 million of capacity remaining under its stock repurchase authorization. The Company’s repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations promulgated under the Exchange Act. Repurchases may be effected pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Exchange Act. The Company’s Board of Directors will review the share repurchase program periodically and may authorize adjustment of its terms and size or suspend or discontinue the program at any time.
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