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SHAREHOLDERS EQUITY
12 Months Ended
Dec. 31, 2021
Stockholders Equity Note [Abstract]  
SHAREHOLDERS EQUITY

17.  SHAREHOLDERS’ EQUITY

On July 25, 2019, the Company authorized the repurchase of up to 960,000 shares, or approximately 5 percent of its outstanding shares.  During the year ended December 31, 2020, the Company purchased 220,222 shares, at an average price of $29.45, for a total cost of $6.5 million. During the year ended December 31, 2019, the Company purchased 739,778 shares at an average price of $28.39 for a total cost of $21.0 million. The Company completed its 960,000 share repurchase program, at an average price of $28.63, for a total cost of $27.5 million in 2020.  On January 28, 2021, the Company authorized the repurchase of up to 948,735 shares, or approximately 5 percent of its outstanding shares. During the year ended December 31, 2021, the Company purchased 894,744 shares at an average price of $31.99 for a total cost of $28.6 million.

The Dividend Reinvestment Plan of the Company (the “Reinvestment Plan”) allows shareholders of the Company to purchase additional shares of common stock using cash dividends without payment of any brokerage commissions or other charges. Shareholders may also make voluntary cash payments of up to $200,000 per quarter to purchase additional shares of common stock, which up to January 30, 2019, were purchased at a 3 percent discount to market for plan participants.  On January 3, 2019, the Company filed a Registration Statement on Form S-3 eliminating the 3 percent discount to market price.  Voluntary share purchases in the “Reinvestment Plan” can be filled from the Company’s authorized but unissued shares and/or in the open market, at the discretion of the Company.  All shares purchased during 2021 were purchased in the open market.