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STOCK REPURCHASE PROGRAM
12 Months Ended
Dec. 31, 2023
STOCK REPURCHASE PROGRAM [ABSTRACT]  
STOCK REPURCHASE PROGRAM

(20)STOCK REPURCHASE PROGRAM

The Company has a stock repurchase program, which was initially authorized by the Company’s Board of Directors in November 2001, and is accounted for using the cash method. As of December 31, 2023, the cumulative authorized repurchase allowance was $762.3 million. During the year ended December 31, 2023, the Company purchased no additional shares. Since inception of the program, the Company has purchased 46.1 million shares for $735.8 million. As of December 31, 2023, the remaining allowance under the program was approximately $26.6 million. For the period from January 1, 2023 through February 23, 2024, the Company did not purchase any additional shares. Although the stock repurchase program does not have an expiration date, the Company would seek a re-authorization of repurchase from the Board of Directors, if it decides to make repurchases during 2024.