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Stock Repurchase Program
−Removed: The following table summarizes the repurchase of shares of our common stock during the three months ended December 31, 2024:
−Removed: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
−Removed: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
−Removed: (in thousands)
−Removed: October 1-31, 2024
−Removed: — $ — — $ 193,528
−Removed: November 1-30, 2024
−Removed: — $ — — $ 193,528
−Removed: December 1-31, 2024
−Removed: 134,877 $ 94.89 134,877 $ 180,729
−Removed: 134,877 $ 94.89 134,877
On February 15, 2022, the Board announced that it had approved a $200.0 million increase to our previously authorized stock repurchase program, pursuant to which we may purchase up to $550.0 million of shares of our common stock through open market transactions, privately negotiated transactions or otherwise in accordance with applicable laws.
1 unchanged sentence
Our stock repurchase program may be modified, discontinued or suspended at any time.
−Removed: During the three months ended December 31, 2024, we repurchased 134,877 shares of our common stock for $12.8 million to be held as treasury stock.
−Removed: A total of 3,247,339 shares of our common stock has been repurchased since our stock repurchase program commenced.
−Removed: As of December 31, 2024, we may purchase up to $180.7 million of shares of common stock under our stock repurchase program.
+Added: During the three months ended December 31, 2025, we did not repurchase any shares of our common stock.
+Added: A total of 3,656,592 shares of our common stock has been repurchased since our stock repurchase program commenced in 2018.
+Added: As of December 31, 2025, we may purchase up to $157.3 million of shares of our common stock under our stock repurchase program.
The IRA 2022 imposes a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022.
−Removed: All dollar amounts presented exclude such excise taxes, as applicable.
+Added: All dollar amounts presented include such excise taxes, as applicable.
We have not previously declared or paid any cash dividends on our common stock.
11 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.