During the fourth quarter of 2023, the company repurchased and retired approximately 0.3M shares of its common stock at a cost of approximately $6.7M. Reflecting the company’s increasing operating cash flow, in February 2024, the company’s board of directors approved an increase in the share repurchase program by $50M. As a result, the company currently has approximately $61M available under its authorized $550 million share repurchase program.
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