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SHARE REPURCHASE PROGRAM

12 Months Ended

Dec. 31, 2018

Share Repurchase Program Disclosure [Abstract]

Share Repurchase Program Disclosure [Text Block]

15. SHARE REPURCHASE PROGRAM

In 1998 the Company’s share repurchase program was established. On several occasions since the program’s inception, the Board of Directors has extended the number of shares authorized for repurchase under the program. In total, 7.5 million shares have been authorized for repurchase, including 1.0 million shares the Company’s Board of Directors authorized for repurchase on October 31, 2017. 

In 2018, the Company purchased 351,626 shares at a total cost of $11.4 million through its share repurchase program. In 2017, the Company purchased 548,539 shares at a total cost of $15.2 million through its share repurchase program. As of December 31,2018, there were 665,010 authorized shares remaining under the program.

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- Definition

The entire disclosure for an entity's stock repurchase program, including the description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, and the remaining maximum number of shares available for repurchase under the program.

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