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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2023
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | NOTE 15 – Shareholders’ Equity Share count and par value data related to shareholders’ equity are as follows:
|  | As of |
|  | June 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Preferred Stock |  |  |  |  |  |
Par value per share |  | No par value |  |  | No par value |
Shares authorized |  |  | 25,000,000 |  |  |  | 25,000,000 |
Shares outstanding |  |  | — |  |  |  | — |
Common Stock |  |  |  |  |  |
Par value per share |  | No par value |  |  | No par value |
Shares authorized |  |  | 75,000,000 |  |  |  | 75,000,000 |
Shares issued |  |  | 57,440,235 |  |  |  | 57,330,761 |
Shares outstanding |  |  | 31,394,377 |  |  |  | 31,680,890 |
Treasury stock |  |  |  |  |  |
Shares held |  |  | 26,045,858 |  |  |  | 25,649,871 |
On February 9, 2023, the Board of Directors approved a new share repurchase program that authorizes the Company to repurchase up to $50,000 of the Company’s common stock. The repurchase program has no set expiration date and replaces the repurchase program approved by the Board of Directors on May 13, 2021. During the three and six months ended June 30, 2023, 197,716 and 395,987 shares of common stock were repurchased for $8,760 and $17,562, respectively. During the three and six months ended June 30, 2022, 216,252 and 332,428 shares of common stock were repurchased for $7,748 and $11,668, respectively. As of June 30, 2023, approximately $36,633 remains available for future purchases. A roll-forward of common shares outstanding is as follows:
|  | Six months ended |
|  | June 30, |  |  | June 30, |
|  | 2023 |  |  | 2022 |
Balance at the beginning of the year |  |  | 31,680,890 |  |  |  | 32,178,715 |
Repurchases |  |  | (395,987 | ) |  |  | (332,428 | )
Restricted share issuances |  |  | 109,474 |  |  |  | 65,114 |
Balance at the end of the period |  |  | 31,394,377 |  |  |  | 31,911,401 |
Certain potentially dilutive restricted stock units are excluded from diluted earnings per share because they are anti-dilutive. The number of outstanding awards that were anti-dilutive for the six months ended June 30, 2023 was 5,000. The number of outstanding awards that were anti-dilutive for the three and six months ended June 30, 2022 were 2,500 and 2,500, respectively. There were no anti-dilutive shares for the three months ended June 30, 2023.

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