Stock Repurchase Plans

12 Months Ended

Dec. 31, 2020

NOTE 18. Stock Repurchase Plans

On May 23, 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 did not purchase any stock under this authorization during the year ended December 31, 2020. 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 148,242 shares for $8.0 million during 2020, 98,260 shares for $4.0 million during 2019 and 87,381 shares for $4.3 million in 2018 related to employee withholding upon vesting of restricted stock. The table below gives information on a monthly basis regarding the number of shares delivered to us by employees to satisfy the mandatory tax withholding requirement upon vesting of restricted stock during 2020:

							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)
1/1/2020 - 1/31/2020		69,146	$	52.49		-	$	75,002
2/1/2020 - 2/28/2020		2,571	$	54.41		-	$	75,002
3/1/2020 - 3/31/2020		-	$	-		-	$	75,002
4/1/2020 - 4/30/2020		2,171	$	46.20		-	$	75,002
5/1/2020 - 5/31/2020		1,318	$	42.80		-	$	75,002
6/1/2020 - 6/30/2020		389	$	47.01		-	$	75,002
7/1/2020 - 7/31/2020		1,647	$	50.15		-	$	75,002
8/1/2020 - 8/31/2020		123	$	54.54		-	$	75,002
9/1/2020 - 9/30/2020		126	$	51.74		-	$	75,002
10/1/2020 - 10/31/2020		435	$	52.72		-	$	75,002
11/1/2020 - 11/30/2020		1,883	$	50.23		-	$	75,002
12/1/2020 - 12/31/2020		68,433	$	55.58		-	$	75,002
Total		148,242	$	53.70		-	$	75,002