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COMMON STOCK AND SHARE REPURCHASES
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
COMMON STOCK AND SHARE REPURCHASES COMMON STOCK AND SHARE REPURCHASES
The following is a summary of changes in outstanding common stock for the period indicated (in thousands):

Common stock outstanding at December 31, 2022
17,691 
Common stock issued related to stock compensation expense(1)
193 
Total number of shares purchased
(1,707)
Common stock outstanding at December 31, 2023
16,177 
Common stock issued related to stock compensation expense(1)
84 
Total number of shares purchased
(566)
Common stock outstanding at September 30, 202415,695 
(1) The number of common stock issued represents issuance net of tax withholding.

On December 15, 2022, the Company announced a new Share Repurchase Program pursuant to which it may repurchase up to $85.0 million worth, or 2.8 million shares, of the Company's outstanding common stock over the next 24 months from the date of the announcement. The Company completed the program in August 2024.

On August 28, 2024, the Company announced a new Share Repurchase Program pursuant to which we may repurchase up to $85.0 million worth, or 2.5 million shares of the Company's outstanding common stock over the next 24 months

Total consideration paid to repurchase the shares was recorded in shareholders’ equity as treasury stock.

Three Months Ended September 30,Nine Months Ended September 30,
(in thousands, except per share data)
2024202320242023
Total number of shares purchased100 618 566 1,707 
Amount paid$4,985 $21,508 $28,783 $54,721 
Average price paid per share$49.85 $34.79 $50.87 $32.06