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CASH PAID FOR COMMON STOCK PURCHASED AND RETIRED | 6 Months Ended
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Jun. 30, 2023
CASH PAID FOR COMMON STOCK PURCHASED AND RETIRED |
CASH PAID FOR COMMON STOCK PURCHASED AND RETIRED | 15. CASH PAID FOR COMMON STOCK PURCHASED AND RETIRED ​ The Company has a stock buyback program to repurchase up to 49,578,125 shares in the open market, including an additional 8,000,000 shares authorized for repurchase by the Board of Directors in the second quarter of 2023. As of June 30, 2023, 15,115,820 shares remained available to be repurchased. The program does not have a preset expiration date. Repurchases of shares of the Company’s common stock may be made from time to time in the open market, by block purchases, in privately negotiated transactions or in such other manner as determined by the Company. The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the Company's shares, general market and economic conditions, and other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or discontinued at any time. ​ Shares purchased for withholding taxes represent taxes due upon vesting of time-lapse restricted shares granted to employees. Total share repurchases for 2023 and 2022 year to date are detailed below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended | ​ | Six months ended
​ | ​ | June 30, 2023 | ​ | June 30, 2022
​ |  | No. of shares | ​ | Avg. price | ​ | Total cost |  | No. of shares | ​ | Avg. price | Total cost
Shares purchased for withholding taxes | ​ | ​ | 256,309 | $ | 9.24 | $ | 2,367,178 | ​ | ​ | 157,720 | $ | 5.77 | $ | 909,912
Open market purchases | ​ | ​ | 1,132,364 | ​ | 7.93 | ​ | 8,983,973 | ​ | ​ | — | ​ | — | ​ | —
Total | ​ | ​ | 1,388,673 | $ | 8.17 | $ | 11,351,151 | ​ | ​ | 157,720 | $ | 5.77 | $ | 909,912
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