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Share Repurchase Program

12 Months Ended

Dec. 31, 2018

(16) Share Repurchase Program

On November 5, 2018, pursuant to a Board of Directors resolution, the Company announced its intention to repurchase an aggregate number of shares with a total purchase price not to exceed $20,000 of its common stock, par value $0.10 per share, in the open market, depending upon market conditions over the short to mid-term. The Shares Repurchase Program expires on March 8, 2019. Share repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transaction or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended, subject to market conditions, applicable legal requirements and other relevant factors. The Shares Repurchase Program does not obligate the Company to acquire any particular amount of shares of common stock and the program may be suspended or discontinued at any time.

The table below summarizes the number of shares of our common stock that were repurchased during the three months ended December 31, 2018. The shares and respective amount are recorded as treasury shares on the Company’s consolidated balance sheet.

Month ended	Total number of shares purchased		Average price paid per share		Total amount paid		Maximum dollar value of shares that may yet be purchased under the program
November 30, 2018		196,858	$	17.10	$	3,366
December 31, 2018		255,500		15.35		3,921
		452,358	$	16.11	$	7,287	$	12,713