XML 37 R21.htm IDEA: XBRL DOCUMENT v3.24.2
Share Repurchase Program
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Share Repurchase Program Share Repurchase Program
On July 28, 2023, the Board of Directors approved a new one-year program under which we may repurchase up to $25.0 million of our common stock. Repurchases under this program will be made from time to time at management’s discretion on the open market or through privately negotiated transactions in compliance with Rule 10b-18 under the Exchange Act, subject to market conditions, applicable legal requirements and other relevant factors. We have established a pre-arranged trading plan under Rule 10b5-1 of the Exchange Act in connection with this share repurchase program. This share repurchase program does not obligate us to purchase any particular amount of common stock and may be suspended, modified or discontinued by us without prior notice. In the third quarter of 2023, we repurchased $9.2 million of our common stock and during the fourth quarter of 2023, we repurchased an additional $5.8 million of our common stock.
For the six months ended June 30, 2024, our repurchases of our common stock were as summarized in the table below.
Shares RepurchasedAggregate Purchase Price
(in millions)		Average Price per ShareAmount Remaining in
Program for Purchase
(in millions)
# of SharesProgram to Date
First quarter of 2024342,680 1,085,333 $6.7 $19.45 $3.3 
Second quarter of 2024169,571 1,254,904 $3.3 $19.67 $— 
In addition to the share repurchase program, we withheld 135,097 shares of common stock for $2.6 million in taxes associated with stock-based compensation transactions for the six months ended June 30, 2024.