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Stock Repurchase Program (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Summary of Share Repurchase Activity and Remaining Authorized Repurchase Amounts

Stock repurchase activity under the May 2022 stock repurchase program during the three months ended March 31, 2024 and 2023 (unaudited) was as follows:

 

Three Months Ended

 

(millions, except for share and per share data)

 

March 31, 2024

 

 

March 31, 2023

 

Total number of shares repurchased

 

 

 

 

 

285,700

 

Average price paid per share

 

$

 

 

$

36.53

 

Total value of common stock repurchased

 

$

 

 

$

10.4

 

The remaining authorized repurchase amount under the May 2022 and February 2023 stock repurchase programs as of March 31, 2024 (unaudited) was as follows:

(millions)

 

March 31, 2024

 

Total authorized repurchase amount

 

$

120.0

 

Total value of shares repurchased

 

 

59.8

 

Total remaining authorized repurchase amount

 

$

60.2