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Stock Repurchase Program
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Stock Repurchase Program Stock Repurchase Program
On April 24, 2019, and March 18, 2021, the Company's Board of Directors approved stock repurchase programs of $37.2 million and $54.2 million, respectively. Under the stock repurchase programs, the Company is authorized to repurchase shares and anticipates conducting such repurchases in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company’s liquidity and capital requirements, and alternative uses of capital. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes. The repurchases may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The Company is not obligated to purchase any particular number of shares. During the year ended December 31, 2021, the Company repurchased 3,342,700 shares of its common stock outstanding at an average price of $15.91 for a total of $53.2 million pursuant to the stock repurchase plan. At December 31, 2021, the maximum dollar value of shares remaining for repurchase under the plan was $8.3 million.

During the year ended December 31, 2020, the Company repurchased 885,535 shares of its common stock outstanding at an average price of $11.59 for a total of $10.3 million, pursuant to the stock repurchase plan. At December 31, 2020, there were 564,488 shares remaining for repurchase.