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Stockholders' Equity
12 Months Ended
Dec. 31, 2018
Federal Home Loan Banks [Abstract]  
Stockholders' Equity

NOTE 10 – STOCKHOLDERS’ EQUITY

As of December 31, 2018 and 2017, we had a loss of $0.4 million and a gain of $0.5 million, respectively, in accumulated other comprehensive income on our Consolidated Balance Sheets, which represents the effective portion of the unrealized (loss) gain on our derivative instruments. For additional information, see Note 9, Derivatives and Hedging Activities.

On February 28, 2018, our board of directors authorized a $50 million stock repurchase program effective March 2, 2018 and on October 31, 2018, our board of directors approved an additional stock repurchase program, effective November 5, 2018, pursuant to which we may purchase up to an additional $100 million of our outstanding common stock. The program will remain in effect until February 28, 2020, unless extended by the board of directors. During the twelve months ended December 31, 2018, we repurchased 2.1 million shares of our outstanding common stock for $89.4 million, leaving $60.6 million available for future purchases under our stock repurchase program.

The effect of these treasury shares reducing the number of common shares outstanding is reflected in our earnings per share calculation.