v3.26.1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders' Equity
10. Stockholders' Equity
Stock repurchase program
Under our stock repurchase program, we are authorized to repurchase shares from time to time in accordance with applicable laws both on the open market, including under trading plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and in privately negotiated transactions. The timing and amount of repurchases depends on several factors, including market and business conditions, the trading price of our common stock and the nature of other investment opportunities. The repurchase program does not have an expiration date and may be limited, suspended or discontinued at any time without prior notice. Under the 2024 Credit Agreement, we have restrictions on our ability to repurchase shares of our common stock, which are summarized on page 37 in this report.
We account for purchases of treasury stock under the cost method. On December 1, 2025, our Board of Directors reauthorized, expanded and replenished our stock repurchase program by expanding the total capacity under the program to $1.0 billion available for repurchases.
During the three months ended June 30, 2026, we repurchased an aggregate of 797,795 shares for $28.0 million. During the six months ended June 30, 2026, we repurchased an aggregate of 2,398,852 shares for $110.1 million. The remaining amount available to purchase stock under the approved stock repurchase program was $850.4 million as of June 30, 2026.
Changes in accumulated other comprehensive loss by component
The changes in accumulated other comprehensive loss by component, consisted of the following:
Three months ended
June 30,
Six months ended
June 30,
(in thousands)
2026
2025
2026
2025
Accumulated other comprehensive loss, beginning of period
$
(3,850)
$
(8,302)
$
(5,948)
$
(4,869)
By component:
Gains and losses on cash flow hedges:
Accumulated other comprehensive income (loss) balance, beginning of period
$
1,431 
$
1,107 
$
(2,147)
$
7,799 
Other comprehensive income (loss) before reclassifications, net of tax effects of $(1,156), $—, $(1,805) and $2,763
3,329 
(3,658)
7,901 
(6,372)
Amounts reclassified from accumulated other comprehensive income (loss)
(386)
(1,656)
(731)
(2,871)
Tax expense (benefit) included in provision for income taxes
99 
— 
(550)
(2,763)
Total amounts reclassified from accumulated other comprehensive income (loss)
(287)
(1,656)
(1,281)
(5,634)
Net current-period other comprehensive income (loss)
3,042 
(5,314)
6,620 
(12,006)
Accumulated other comprehensive income (loss) balance, end of period
$
4,473 
$
(4,207)
$
4,473 
$
(4,207)
Foreign currency translation adjustment:
Accumulated other comprehensive loss balance, beginning of period
$
(5,281)
$
(9,409)
$
(3,801)
$
(12,668)
Translation adjustment
(117)
7,324 
(1,597)
10,583 
Accumulated other comprehensive loss balance, end of period
(5,398)
(2,085)
(5,398)
(2,085)
Accumulated other comprehensive loss, end of period
$
(925)
$
(6,292)
$
(925)
$
(6,292)