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Equity
 9 Months Ended
Sep. 30, 2024
Equity  
Equity

Note 9. Equity

On October 4, 2022, the Company’s Board of Directors authorized the Company to repurchase up to $50.0 million of its outstanding common stock. The Company completed the Share Repurchase Program in June 2023 with approximately 4.9 million shares purchased for $50.4 million (including commissions).

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The following table summarizes the Company’s purchases of WOW common stock during the three and nine months ended September 30, 2024 and 2023, respectively. These shares are reflected as treasury stock in the Company’s unaudited condensed consolidated balance sheets.

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Three months ended

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Nine months ended

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September 30, 

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September 30, 

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2024

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2023

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2024

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2023

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(shares)

Share buybacks

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—

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—

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—

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3,751,803

Income tax withholding(1)

 

7,548

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35,647

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368,756

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792,068

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7,548

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35,647

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368,756

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4,543,871

(1)Generally, the company withholds shares to cover the income tax withholdings of the employee upon vesting. These shares are not part of the Board of Directors approved Share Repurchase Program.