Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In fiscal 2015, the Company's Board of Directors approved a stock repurchase program (the "Repurchase Program") authorizing the repurchase of up to $200.0 million of the Company's common stock from time to time on the open market or in privately negotiated transactions. On January 27, 2020, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $300.0 million. On February 8, 2023, the Company's Board of Directors approved increasing the remaining share repurchase authority under the Repurchase Program to $500.0 million. The Repurchase Program does not require the Company to acquire any particular amount of common stock and does not specify the timing of purchases or the prices to be paid; however, the program will continue until the maximum amount of dollars authorized have been expended or until it is modified or terminated by the Board of Directors. During the three months ended September 30, 2025, the Company repurchased 575,600 shares of common stock at a total cost of $25.0 million at an average price of $43.43 per share. The repurchased shares were canceled by the Company upon receipt. The remaining repurchase authority under the Repurchase Program at September 30, 2025 was $105.3 million. As discussed in Note 18 to the condensed consolidated financial statements contained in Part I, Item I of this report, on October 28, 2025, the Board of Directors approved increasing the Company's existing share repurchase authority to $500.0 million of available capacity under the Repurchase Program.
ISSUER PURCHASES OF EQUITY SECURITIES
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Approximate Dollar Value that may yet be Purchased Under the Plans or Programs
Period
July 1 - July 31, 2025 179,457 $ 37.72 179,457 $ 123,521,080
August 1 - August 31, 2025 153,578 $ 45.49 153,578 $ 116,531,535
September 1 - September 30, 2025 242,565 $ 46.36 242,565 $ 105,281,897
Total/Average 575,600 $ 43.43 575,600
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