Item 2. Unregistered Sales of Equity Securities
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
In June 2020, our Board of Directors authorized a three-year $400.0 million share repurchase program, effective July 1, 2020. In January 2023, our Board of Directors authorized a new three-year $1.0 billion share repurchase program (the "new share repurchase program"), replacing the existing $400.0 million share repurchase program, pursuant to which we may repurchase our outstanding common stock from time to time in the open market or through privately negotiated transactions. The prior $400.0 million share repurchase program was terminated on January 4, 2023, when it was replaced by the new share repurchase program, which will expire on January 3, 2026.
The following table presents information with respect to purchases of common stock by the Company under the share repurchase program during the quarter ended August 31, 2023:
Issuer Purchases of Equity Securities (amounts in thousands except for per share amounts)
Period Total number of shares purchased Average price paid per share (1)
Total number of shares purchased as part of publicly announced plans or program Maximum dollar value of shares that may yet be purchased under the plans or programs
June 1 - June 30, 2023 — $ — — $ 841,716
July 1 - July 31, 2023 905 97.81 905 753,193
August 1 - August 31, 2023 145 99.64 145 738,763
Total 1,050 $ 98.06 1,050
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(1) Excludes excise taxes, whether accrued or paid, and excludes broker's commissions.
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