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CAPITAL STOCK
12 Months Ended
Dec. 31, 2023
Stockholders' Equity Note [Abstract]  
CAPITAL STOCK CAPITAL STOCK
CAPITAL STOCK
At December 31, 2023, our authorized capital stock consists of 400,000,000 shares of common stock, par value $0.01 per share, and 10,000,000 shares of preferred stock, par value of $0.01 per share.
TREASURY STOCK
On March 4, 2022, our Board of Directors authorized the repurchase by us of up to an aggregate of $300.0 million of our common stock by various means from time to time through and including December 31, 2026. Pursuant to this authorization, in 2023 we repurchased a total of 3,893,098 shares of our common stock at an average price per share of $44.86, for a total purchase price of $174.6 million. In 2022, we repurchased a total of 786,235 shares of our common stock at an average price per share of $40.80, for a total purchase price of $32.1 million, pursuant to this authorization. As of December 31, 2023, we had approximately $93.3 million remaining for the repurchase of our common stock under this authorization. In 2021, we did not repurchase any of our shares of common stock.
In 2023, 2022 and 2021, we issued 490,242 treasury shares, 765,917 treasury shares and 576,232 treasury shares, respectively, at an average cost of $3.19 per share each year for restricted stock units that vested during these years. In 2023, 2022 and 2021, we repurchased 176,196 shares, 310,904 shares and 223,030 shares of our common stock, respectively, at an average cost of $52.62 per share, $41.92 per share and $38.44 per share, respectively, in accordance with our stock-based compensation plans to satisfy employee withholding tax requirements resulting from certain restricted stock units becoming vested.
We account for treasury shares using the FIFO cost method. As of December 31, 2023, 68,612,541 shares of our common stock were held in treasury.