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Common Stock

12 Months Ended

Dec. 31, 2023

Note 18: Common Stock

Repurchase of Common Stock:

The Company did not have any repurchases of common stock during the year ended December 31, 2023. During the year ended December 31, 2022, the Company repurchased 165,037 shares for $3.9 million at an average price of $23.85 per share of common stock. The following table presents our repurchase activity on a cash basis:


		Year Ended		Year Ended
		December 31,		December 31,
		2023		2022
Dollar value of shares repurchased	$	—	$	3,935,333
Shares repurchased⁽¹⁾		—		165,037
Average price paid per share	$	—	$	23.85

(1)

On November 17, 2021, the Company announced an increase in authorization for its stock repurchase program, up to $75,000,000 of common stock, expiring December 31, 2023. On April 29, 2022, the Company entered into a Rule 10b5-1 plan (the “10b5-1 Plan”) with a broker for the repurchase of shares of its common stock commencing on May 3, 2022. The details of this repurchase plan were provided in the Form 8-K filed by the Company on May 24, 2022.