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Stockholders' Equity
12 Months Ended
Dec. 31, 2020
Stockholders' Equity  
Stockholders' Equity

Note 14. Stockholders’ Equity

We may issue up to 75 million shares of common stock without additional shareholder approval. As of December 31, 2020 and 2019, there were 33.6 million and 32.6 million outstanding shares of common stock, respectively.

On January 12, 2021, we announced that our Board of Directors authorized a one-year share repurchase program of up to $100 million of our common stock. These shares may be purchased in the open market or through privately negotiated transactions. We have no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares which are repurchased will depend on a number of factors, including the price of our common stock, general business and market conditions, and alternative investment opportunities. We may suspend or discontinue the repurchase program at any time.