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
Recent Sales of Unregistered Securities
In connection with certain business combinations, the Company issued 252,802 shares of the Company's common stock on July 1, 2022 to the owners of the businesses acquired. The issuance was made in reliance upon the following exemptions or exclusions from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"): Section 4(a)(2) of the Securities Act, Regulation D promulgated under the Securities Act, and Regulation S promulgated under the Securities Act.
Issuer Purchases of Equity Securities
The following table provides information about our repurchase of shares of our common stock during the three months ended September 30, 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 | Maximum value that may yet be purchased under the plans or programs (2) | |||||||||||||
| July 1, 2022 to July 31, 2022 | 2,533 | $ | 59.51 | — | $ | 249.6 | ||||||||||
| August 1, 2022 to August 31, 2022 | 2,457 | 66.54 | — | 249.6 | ||||||||||||
| September 1, 2022 to September 30, 2022 | 719 | 58.92 | — | 249.6 | ||||||||||||
| Total | 5,709 | $ | 62.46 | — | $ | 249.6 |
(1)
All 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, our 2010 Stock Incentive Plan.
(2)
On July 18, 2014, the Board of Directors authorized the repurchase of up to $200.0 million of the Company's shares of common stock, and on July 20, 2015, the Board of Directors authorized the repurchase of an additional $400.0 million of the Company's shares of 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 $249.6 million. Between January 1, 2014 and September 30, 2022, the Company repurchased a total of approximately 19.7 million shares for an aggregate cost of approximately $748.0 million.
(3)
Dollar values stated in millions.
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