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Stock Repurchase Program | 9 Months Ended
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Sep. 30, 2022
Disclosure of Repurchase Agreements [Abstract] |
Stock Repurchase Program | Stock Repurchase ProgramIn the second quarter of 2019, the Board of Directors authorized a program pursuant to which the Company was authorized to repurchase up to $7.5 million of Company common stock from time to time in open market transactions, privately negotiated transactions or by other methods. During the third quarter of 2022, the Company repurchased 54,089 shares of Company common stock at an average cost of $35.86 per share for a total cost of $1.9 million. No shares were repurchased during the first half of 2022 or during the year ended December 31, 2021. Following these repurchases, the Company had $2.6 million remaining under its stock repurchase program as of September 30, 2022. On November 2, 2022, the Board of Directors increased the existing repurchase program from $7.5 million to $12.5 million, and as a result, the Company had $7.6 million of remaining availability for stock repurchases under the program as of November 2, 2022.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2208821 + Details
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