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STOCKHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2025
STOCKHOLDERS' EQUITY  
STOCKHOLDERS' EQUITY

NOTE 7 —  STOCKHOLDERS’ EQUITY

On March 12, 2025, the Company publicly announced that its board of directors approved a share repurchase plan with authorization to purchase up to $50.0 million dollars of the Company’s common stock. During the three months ended March 31, 2025, the Company repurchased 228,926 shares of the Company’s common stock at an average cost of $55.80 per share. At March 31, 2025, treasury stock, at cost, was $12.9 million. At March 31, 2025, $37.2 million remained available under the currently authorized share repurchase plan.

The Company may repurchase shares of common stock from time to time on the open market or by other means in accordance with applicable securities laws and other restrictions, including, in part, under a Rule 10b5-1 plan. The number of shares to be repurchased and the timing of additional repurchases, if any, will depend on several factors, including market conditions, prevailing share price, corporate and regulatory requirements, and other considerations. The share repurchase plan has no expiration date, may be discontinued or suspended at any time and does not obligate the Company to acquire any amount of its common stock.