XML 22 R12.htm IDEA: XBRL DOCUMENT v3.22.2.2
Stockholders' equity
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
Stock Repurchase Program. On January 27, 2022, the Company’s board of directors authorized the repurchase of up to $100 million of its Class A capital stock. Stock repurchases under the program may be made periodically using a variety of methods, including without limitation, open market purchases, block trades or otherwise in compliance with all federal and state securities laws and state corporate law and in accordance with the single broker, timing, price, and volume guidelines set forth in Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, as such guidelines may be modified by the SEC from time to time. This stock repurchase program has no time limit and may be modified, suspended, or discontinued at any time. The Company currently intends to hold its repurchased shares as treasury stock.
As of September 30, 2022, the remaining amount of share repurchases under the program was $68.4 million. The following table summarizes share repurchases during the three and nine months ended September 30, 2022. There were no share repurchases during the three and nine months ended September 30, 2021.

(in thousands, except per share data)Three months ended September 30, 2022Nine months ended September 30, 2022
Shares repurchased1,540 4,462 
Average price per share$6.40 $7.09 
Value of shares repurchased$9,856 $31,618