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Shareholders' Equity | 9 Months Ended
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Sep. 30, 2020
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders' Equity During the fourth quarter of 2020, the Company’s Board of Directors declared a cash dividend of $0.21 per share of common stock. During each quarter of 2019 and the first, second and third quarter of 2020, the Company's Board of Directors declared a cash dividend of $0.18 per share of common stock. The Company expects to continue to pay regular quarterly cash dividends, though each subsequent quarterly dividend is subject to review and approval by the Board of Directors. On July 21, 2016, the Company's Board of Directors approved a stock repurchase authorization for up to 3,000 shares of the Company’s common stock (the "2016 Repurchase Plan"). On February 5, 2019, the Company's Board of Directors canceled the Company’s 2016 Repurchase Plan and approved a new stock repurchase plan authorizing the repurchase of up to 5,000 shares of the Company’s common stock (the “2019 Repurchase Plan”) that shall remain in effect until such time as the shares authorized for repurchase are exhausted or the plan is canceled. The Company is not obligated to repurchase any specific number of shares and may suspend or cancel the plan at any time. The Company does not expect to repurchase any shares under this plan during the third quarter of 2020. The following tables summarize the Company's share repurchases for the three and nine months ended September 30, 2020 and 2019 (shares and dollars in thousands, except average cost per share).
| Three months ended
| September 30, 2020 |  | September 30, 2019
| Shares repurchased | Cost of shares repurchased | Average cost per share |  | Shares repurchased | Cost of shares repurchased | Average cost per share
2019 Repurchase Plan | 519 |  | $ | 29,990 |  | $ | 57.84 |  |  | 152 |  | $ | 9,289 |  | $ | 61.01 |
Total | 519 |  | $ | 29,990 |  | $ | 57.84 |  |  | 152 |  | $ | 9,289 |  | $ | 61.01 |
| Nine months ended
| September 30, 2020 |  | September 30, 2019
| Shares repurchased | Cost of shares repurchased | Average cost per share |  | Shares repurchased | Cost of shares repurchased | Average cost per share
2016 Repurchase Plan | — |  | $ | — |  | $ | — |  |  | 68 |  | $ | 3,850 |  | $ | 56.97 |
2019 Repurchase Plan | 787 |  | 45,248 |  | 57.53 |  |  | 721 |  | 44,056 |  | 61.07 |
Total | 787 |  | $ | 45,248 |  | $ | 57.53 |  |  | 789 |  | $ | 47,906 |  | $ | 60.72 |
As of September 30, 2020, 3,368 shares were available to be purchased under the 2019 Plan.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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