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COMMON STOCK REPURCHASE PROGRAM | 12 Months Ended
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Dec. 31, 2021
COMMON STOCK REPURCHASE PROGRAM |
COMMON STOCK REPURCHASE PROGRAM | NOTE 11 – COMMON STOCK REPURCHASE PROGRAM The Company has a share repurchase program for up to 55 million of the Company’s common shares. On February 12, 2020, the Company’s Board of Director’s approved a new share repurchase program authorizing the Company to repurchase, in the aggregate, up to an additional 10 million of its outstanding common shares under this program. From time to time at management's discretion, the Company repurchases its common shares in the open market, depending on market conditions, stock price and other factors. During the year ended December 31, 2021, the Company purchased a total of 1.2 million shares at an average cost per share of $132.32. As of December 31, 2021, 10.2 million shares remained available for repurchase under the stock repurchase program. The treasury shares have not been retired.

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