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Shareholders' Equity
 6 Months Ended
Jun. 30, 2022
Stockholders' Equity Note [Abstract]  
Shareholders' Equity

(11.) SHAREHOLDERS’ EQUITY

Common Stock

The changes in shares of common stock were as follows for the three and six months ended June 30, 2022 and 2021:

 

 

 

Outstanding

 

 

Treasury

 

 

Issued

 

2022

 

 

 

 

 

 

 

 

 

Shares at December 31, 2021

 

 

15,745,453

 

 

 

354,103

 

 

 

16,099,556

 

Restricted stock units released

 

 

23,271

 

 

 

(23,271

)

 

 

—

 

Treasury stock purchases

 

 

(469,647

)

 

 

469,647

 

 

 

—

 

Shares at March 31, 2022

 

 

15,299,077

 

 

 

800,479

 

 

 

16,099,556

 

Restricted stock awards issued

 

 

11,300

 

 

 

(11,300

)

 

 

—

 

Stock awards

 

 

3,848

 

 

 

(3,848

)

 

 

—

 

Restricted stock units released

 

 

31,141

 

 

 

(31,141

)

 

 

 

Treasury stock purchases

 

 

(11,275

)

 

 

11,275

 

 

 

—

 

Shares at June 30, 2022

 

 

15,334,091

 

 

 

765,465

 

 

 

16,099,556

 

2021

 

 

 

 

 

 

 

 

 

Shares at December 31, 2020

 

 

16,041,926

 

 

 

57,630

 

 

 

16,099,556

 

Shares issued for Landmark Group acquisition

 

 

12,831

 

 

 

(12,831

)

 

 

—

 

Restricted stock units released

 

 

18,819

 

 

 

(18,819

)

 

 

—

 

Treasury stock purchases

 

 

(244,677

)

 

 

244,677

 

 

 

—

 

Shares at March 31, 2021

 

 

15,828,899

 

 

 

270,657

 

 

 

16,099,556

 

Restricted stock awards issued

 

 

9,350

 

 

 

(9,350

)

 

 

—

 

Stock awards

 

 

3,680

 

 

 

(3,680

)

 

 

—

 

Shares at June 30, 2021

 

 

15,841,929

 

 

 

257,627

 

 

 

16,099,556

 

 

Share Repurchase Programs

In June 2022, the Company's Board of Directors (the "Board") authorized a share repurchase program for up to 766,447 shares of common stock (the "2022 Share Repurchase Program"). Repurchased shares are recorded in treasury stock, at cost, which includes any applicable transaction costs. As of June 30, 2022, there were 766,447 shares remaining for repurchase under the 2022 Share Repurchase Program.

In November 2020, the Board authorized a share repurchase program for up to 801,879 shares of common stock (the "2020 Share Repurchase Program"). The 2020 Share Repurchase Program was completed in March 2022. Under the 2020 Share Repurchase Program, 461,191 shares were repurchased at an average price of $31.99 during the three months ended March 31, 2022, and 340,688 shares were repurchased during the year ended December 31, 2021.