Share Repurchase Programs

12 Months Ended

Dec. 31, 2021

In each of February 2020 and February 2018, our Board of Directors authorized the repurchase of up to $50,000,000 of our common stock. In May 2021, our Board of Directors authorized the repurchase of up to $125,000,000 of common stock, including the $25,000,000 that remained available from the February 2020 authorization. As of December 31, 2021, approximately $75,000,000 remained available under the May 2021 share repurchase plan and none remained available under the February 2018 share repurchase plan. Our share repurchases may be made on the open market, subject to Rule 10b-18 or in privately negotiated transactions, through block trades, through 10b5-1 plans or otherwise, at management’s discretion.

The following table summarizes the shares of our common stock that we repurchased on the open market under these repurchase programs during the years ended December 31, 2021, 2020 and 2019, respectively, in thousands, except per share amounts:


Year	Total Number of Shares Purchased	Average Price Paid per Share		Approximate Dollar Value of Shares Purchased
2021	497	$	100.55	$	50,000
2020	445	56.20		25,000
2019	541	51.56		27,899
Total	1,483			$	102,899

All shares repurchased were retired.