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Capital Management | 12 Months Ended
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Dec. 31, 2022
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Capital Management | 19. Capital Management The Company’s Board of Directors initiated a share repurchase program in February 2010. In October 2016, the Board reauthorized this program with a limit of $25.0 million with no expiration date. There were 264,449 shares repurchased under this program in 2022 for $12.4 million, or an average price of $46.84, including commissions. There were no shares repurchased under this program in 2021 or 2020. Since the beginning of this plan, the Company has repurchased a total of 1,522,699 shares for $34.8 million, or an average price of $22.83, including commissions. In 2013, the Company’s Board of Directors initiated a regular quarterly dividend. During 2022, the Company’s Board of Directors declared a quarterly dividend of $0.31 per share compared to $0.29 per share in 2021, and $0.27 per share in 2020. The Company declared extraordinary dividends totaling $4.00 in both 2022 and 2021, and $3.50 per share in 2020.

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