Item 1A. Risk Factors
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Item 1A. Risk Factors
There were no material changes in the risk factors previously disclosed in Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
ITEM 2. Unregistered Sales of Equi****ty Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table provides information about our repurchase of shares of our common stock during the three months ended March 31, 2022:
| Total number of shares purchased (1) | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs (2) | Maximum value that may yet be purchased under the plans or programs (3) | |||||||||||||
| January 1, 2022 to January 31, 2022 | 529,483 | $ | 63.38 | 386,083 | $ | 299,557,134 | ||||||||||
| February 1, 2022 to February 28, 2022 | 562,741 | 64.45 | — | 299,557,134 | ||||||||||||
| March 1, 2022 to March 31, 2022 | 3,525 | 62.71 | — | 299,557,134 | ||||||||||||
| Total | 1,095,749 | $ | 63.92 | 386,083 | $ | 299,557,134 |
(1)
Of the shares reported in this column, 386,083 shares were purchased in open market transactions. All other shares reported in this column are attributable to shares withheld for taxes in connection with vesting of restricted shares awarded under our Performance Stock Plan and 2010 Stock Incentive Plan.
(2)
During the quarter, the Company made shares repurchases in the open market of 386,083 shares at a total cost of $24.1 million.
(3)
On July 18, 2014, the Board of Directors authorized the repurchase of up to $200.0 million of its shares of common stock, and on July 20, 2015, the Board of Directors authorized the repurchase of up to an additional $400.0 million of the Company’s outstanding common stock. On May 1, 2019, the Board of Directors approved an additional repurchase authorization amount of $372.5 million to bring the total available share repurchase authorization to approximately $500.0 million. After completing these open market repurchases, the Company’s outstanding Board approved share repurchase authorization is approximately $299.6 million. Between January 1, 2014 and March 31, 2022, the Company repurchased a total of approximately 18.9 million shares for an aggregate cost of approximately $698.0 million.
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