filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
There have been no material changes to the risk factors as previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2022.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the quarter ended September 30, 2023, we fully utilized the remaining amount available under of $500 million share repurchase authorization that was publicly announced on August 3, 2022. On August 2, 2023, we publicly announced that our Board of Directors had approved a new repurchase authorization in the amount of up to $500 million. Each share repurchase authorization authorized the repurchase of our outstanding common stock in one or more open market and/or privately negotiated transactions, with no expiration date. We repurchased the following shares of our common stock during the third quarter of 2023:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) | ||||||||||||||||||||||
| July 1 - 31, 2023 | — | $ | — | — | $ | 196,560 | ||||||||||||||||||||
| August 1 - 31, 2023 | 25,067 | $ | 6,118.82 | 25,067 | $ | 543,180 | ||||||||||||||||||||
| September 1 - 30, 2023 (1) | 53,683 | $ | 6,163.63 | 53,683 | $ | 212,297 | ||||||||||||||||||||
| Total | 78,750 | $ | 6,149.37 | 78,750 |
(1) Of the shares repurchased in September 2023, 6,758 shares were repurchased under the August 3, 2022 share repurchase authorization, which fully utilized the August 2022 authorization. The remaining 46,925 shares were repurchased under the August 2, 2023 share repurchase authorization.
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