CXW has authorized an increase to the existing share repurchase plan to purchase up to an additional $200m in CXW shares. The aggregate authorization increased from up to $500m of its shares to up to $700m. With the added authorization, CXW had $377.9m of repurchase authorization available under the plan as of Nov. 7, 2025. We view this increased authorization as a positive and believe it reflects the company's positive outlook on its business and goal to deliver shareholder value. Notably, CXW's business retention rate averages 97.5% over past 5-years, which we believe augers well for continued business momentum going forward.