Stockholders' Equity (Notes)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Stockholders' Equity

8. Stockholders’ Equity (Deficit)

Repurchase Program

Our Board of Directors (the “Board”) has authorized a program to repurchase shares of our outstanding common stock (“Repurchase Program”). The purchases are to be made from time to time in the open market or directly from stockholders at prevailing market prices based on market conditions or other factors. We repurchased 671,468 shares under the Repurchase Program during 2022. In addition, 99,001 shares were withheld during 2022 to satisfy minimum tax withholding obligations for the vesting of long-term incentive, restricted stock awards and restricted stock units, which are not subject to the Repurchase Program. During 2021, we repurchased 424,509 shares under the Repurchase Program and 291,129 shares were withheld to satisfy minimum tax withholding obligations for the vesting of long-term incentive and restricted stock awards. At December 31, 2022, we were authorized to repurchase an additional 1,032,160 shares under the Repurchase Program. Shares repurchased under the Repurchase Program are recorded in treasury.

Dividends

The Board declared quarterly dividends as follows:

(amounts per share)	2022		2021
First quarter	$	0.45	$	0.40
Second quarter	0.52		0.45
Third quarter	0.52		0.45
Fourth quarter	0.52		2.45		(1)

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(1)Includes a $2.00 per share special dividend.

During 2022 and 2021, we paid a total of $76.6 million and $144.2 million, respectively, in dividends. The dividends paid in 2021 includes a special dividend of $76.7 million.

Preferred Stock

At December 31, 2022, 20 million shares of preferred stock were authorized.