Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
Period Total number of shares purchased Average price paid per share (2)
Total number of shares purchased as part of publicly announced plans or programs (1)
Maximum dollar value of shares that may yet be purchased under the plans or programs (1)
August 31, 2025 - September 27, 2025 — $ — — $ 20,661,295
September 28, 2025 - October 25, 2025 — — — 20,661,295
October 26, 2025 - November 29, 2025 4,983,514 19.99 4,983,514 71,023,559
Total 4,983,514 $ 19.99 4,983,514 $ 71,023,559
(1) We adopted a $50.0 million stock repurchase program on November 13, 2018. On April 13, 2022, October 21, 2022, and October 21, 2025, we announced that our Board of Directors had approved the addition of $50.0 million, $50.0 million, and $150.0 million, respectively, to our stock repurchase program, resulting in authorized stock repurchases of up to an aggregate of $300.0 million. As of November 29, 2025, approximately $71.0 million remained available under the stock repurchase program. In January 2026, the Company's Board of Directors approved a $200 million increase to its existing stock repurchase program. Subsequent to the thirteen weeks ended November 29, 2025 and through January 6, 2026 the Company repurchased 2,430,028 shares of common stock at an average price of $19.34 per share, inclusive of commissions and exclusive of accrued excise tax. As of January 6, 2026, the Company has approximately $224.0 million available under its revised stock repurchase program. Under the stock repurchase program, we may repurchase shares from time to time in the open market or in privately negotiated transactions. The stock repurchase program does not obligate us to acquire any specific number of shares over any specific period of time. We may suspend or discontinue the stock repurchase program at any time, and the stock repurchase program does not have an expiration date.
(2) Average price paid per share includes commissions, but excludes our liability under the 1% excise tax on the net amount of share repurchases required by the Inflation Reduction Act of 2022.
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Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not Applicable.
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