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. As of September 30, 2024, $5.3 million was available for future purchases. Repurchases of shares may be made pursuant to pre-established trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934.

During the three months ended September 30, 2024, 21,586 shares were purchased for $1.0 million, or an average price of $46.79 per share, including commissions and excise tax. During the nine months ended September 30, 2024, 113,411 shares were purchased for $5.1 million, or an average price of $45.16 per share, including commissions and excise tax. During the three and nine months ended September 30, 2023, no shares were purchased.

The following table summarizes the Company’s purchases of its common stock, par value $0.01 per share, during the three months ended September 30, 2024:


Period	Total Number of Shares Purchased		Average Price Paid per Share (1)		Total Number of Shares Purchased as Part of Publicly Announced Program		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
							(in thousands)
July 1, 2024 to July 31, 2024		—	$	—		—	$	6,330
August 1, 2024 to August 31, 2024		21,586		46.79		21,586		5,320
September 1, 2024 to September 30, 2024		—		—		—		5,320
Total		21,586				21,586

(1) Average price paid per share includes commissions and excise tax.