XML 33 R17.htm IDEA: XBRL DOCUMENT v3.23.1
Stockholders' Deficit
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Stockholders' Deficit Stockholders' Deficit
The Company is authorized to issue 100,000,000 shares of preferred stock with such designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. As of March 31, 2023 and December 31, 2022, the Company has not issued any shares of preferred stock.
Share Repurchase Program
During the second quarter of 2022, PRTH's Board of Directors authorized a general share repurchase program under which the Company may purchase up to 2.0 million shares of its outstanding Common Stock for a total of up to $10.0 million. Under the terms of this plan, the Company may purchase shares through open market purchases, unsolicited or solicited privately negotiated transactions, or in another manner so long as it complies with applicable rules and regulations. The Company did not repurchase any shares under the share repurchase program during the first quarter of 2023.
March 31, 2023December 31, 2022
in thousands, except share data, which is in whole units
Number of shares purchased(1)
— 1,309,374 
Average price paid per share$— $4.42 
Total Investment(1)
$— $5,791 
(1)These amounts may differ from the repurchases of Common Stock amounts in the Unaudited Statements of Cash Flows due to shares withheld for taxes and unsettled share repurchases at the end of the quarter.