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Capital Management | 12 Months Ended
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Dec. 31, 2023
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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 46,741 shares repurchased under this program in 2023 for $2.2 million, or an average price of $46.45, including commissions and excise tax. 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. Since the beginning of this plan, the Company has repurchased a total of 1,569,440 shares for $36.9 million, or an average price of $23.53, including commissions and excise tax. In 2013, the Company’s Board of Directors initiated a regular quarterly dividend. During 2023, the Company’s Board of Directors declared a quarterly dividend of $0.34 per share compared to $0.31 per share in 2022, and $0.29 per share in 2021. The Company declared extraordinary dividends totaling $3.50 in 2023 and $4.00 in both 2022 and 2021.

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