Stock Buy Back Plans

12 Months Ended

Dec. 31, 2019

NOTE 17. Stock Buy Back Plans

On May 28, 2019, our Board of Directors authorized the purchase of up to $100 million of our Class A Common Stock. Under the program, the shares may be repurchased in the open market or in privately negotiated transactions, from time to time subject to market and other conditions. We purchased 626,320 shares for $25.0 million under this authorization during the year ended December 31, 2019. The approved share repurchase program does not obligate us to repurchase any dollar amount or number of shares and the program may be extended, modified, suspended, or discontinued at any time.

We purchased 98,260 shares for $4.0 million and 87,381 shares for $4.3 million during the years ended December 31, 2019 and 2018, respectively, related to employee withholding upon vesting of restricted stock.

The following table displays the number of shares purchased during 2019 and the maximum value of shares that may yet be purchased under the plan:

							Maximum Value of
	Total				Total Number of		Shares that May Yet
	Number of		Average		Shares Purchased as		Be Purchased Under
	Shares		Price Paid		Part of Publicly		the Plan
	Purchased		Per Share		Announced Plan		(in 000’s)
January 1 to January 31		-	$	-		-	$	100,000
February 1 to February 28		-	$	-		-	$	100,000
March 1 to March 31		-	$	-		-	$	100,000
April 1 to April 30		-	$	-		-	$	100,000
May 1 to May 31		-	$	-		-	$	100,000
June 1 to June 30		181,811	$	40.06		181,811	$	92,717
July 1 to July 31		444,509	$	39.85		444,509	$	75,002
August 1 to August 31		-	$	-		-	$	75,002
September 1 to September 30		-	$	-		-	$	75,002
October 1 to October 31		-	$	-		-	$	75,002
November 1 to November 30		-	$	-		-	$	75,002
December 1 to December 31		-	$	-		-	$	75,002
Total		626,320	$	39.91		626,320	$	75,002