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Stock Repurchase Program
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Stock Repurchase Program Stock Repurchase ProgramIn March 2022, the Company's Board of Directors authorized the repurchase of $500,000,000 of the Company's common stock. Under this March 2022 program, in addition to repurchases made in prior years, the Company repurchased 966,000 shares at a total cost of $49,163,000 during the six-month period ended July 2, 2023 and 473,000 shares at a total cost of $19,879,000 during the six-month period ended June 30, 2024, leaving a remaining balance of $313,013,000 as of June 30, 2024. The Company may repurchase shares under this program in future periods depending on a variety of factors, including, among other things, the impact of dilution from employee stock awards, stock price, share availability, and cash requirements. The Company is authorized to make repurchases of its common stock through open market purchases, pursuant to Rule 10b5-1 trading plans, or in privately negotiated transactions.