Item 1A. Risk Factors

Our Annual Report on Form 10-K for the year ended December 31, 2022 includes a listing of risk factors to be considered by investors in our securities. During the first quarter of 2023, there have been no material changes in our risk factors from those set forth in our Annual Report on Form 10-K for the year ended December 31, 2022.

Item 2. Unregistered Sales of Equi****ty Securities and Use of Proceeds

As of December 31, 2022, we had an aggregate available repurchase authorization of $947.37 million pursuant to our stock repurchase program. Pursuant to this program, shares of our Class B Common Stock may be repurchased, from time to time as conditions allow, on the open market or in negotiated private transactions. There is no expiration date for our stock repurchase program.

As reflected below, during the three-month period ended March 31, 2023, we have repurchased 650,000 shares at an aggregate cost of approximately $78.66 million (approximately $121.02 per share) pursuant to the terms of our stock repurchase program. In addition, during the three-month period ended March 31, 2023, 49,902 shares were repurchased in connection with income tax withholding obligations resulting from stock-based compensation programs.

During the period of January 1, 2023 through March 31, 2023, we repurchased the following shares:


	Additional Dollars Authorized For Repurchase (in thousands)		Total number of shares purchased		Total number of shares cancelled		Average price paid per share for forfeited restricted shares		Total Number of shares purchased as part of publicly announced programs		Average price paid per share for shares purchased as part of publicly announced program		Aggregate purchase price paid for shares purchased as part of publicly announced program (in thousands)		Maximum number of shares that may yet be purchased under the program		Maximum number of dollars that may yet be purchased under the program (in thousands)
January, 2023	$	-		7,973		95	$	0.01		—	$	-	$	-		—	$	947,368
February, 2023	$	-		3,753		27	$	0.01		—	$	-	$	-		—	$	947,368
March, 2023	$	-		688,176		512	$	0.01		650,000	$	121.02	$	78,661		—	$	868,707
Total January through March, 2023	$	-		699,902		634	$	0.01		650,000		121.02	$	78,661

Dividends

During the quarter ended March 31, 2023, we declared and paid dividends of $.20 per share. Dividend equivalents are accrued on unvested restricted stock units and will be paid upon vesting of the restricted stock unit.

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