STOCK REPURCHASE PROGRAM

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM

On April 18, 2019, we announced a share repurchase authorization of up to $350 million of common stock. This authorization replaces previous authorizations and has no expiration date. We may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions.

During the three and six months ended June 30, 2023, we repurchased approximately 81 thousand shares for $9.3 million and 252 thousand shares for $29.0 million, respectively. During the three and six months ended June 30, 2022, we repurchased approximately 348 thousand shares for $37.1 million and 488 thousand shares for $53.1 million, respectively. As of June 30, 2023, there was $79.2 million of authorized share repurchases remaining under the existing authorization.