On March 8, 2022, pursuant to a Board of Directors resolution, the Company announced its intention to repurchase an aggregate number of up to 1,000,000 shares of its common stock, par value $0.10 per share, in the open market over the succeeding one year at a price not to exceed $20 per share, subject to limitations and restrictions under applicable securities laws.

On August 30, 2021, pursuant to a Board of Directors resolution, the Company announced its intention to repurchase an aggregate number of 300,000 shares of its common stock, par value $0.10 per share, in the open market over the succeeding six months. During 2021, the Company purchased 300,000 shares of its common stock for a total of $4,579 at an average price of $15.26 per share.

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, at a price not to exceed $17 per share, subject to limitations and restrictions under applicable securities laws. The Shares Repurchase Program expired on March 8, 2019. During 2019, the Company purchased 158,048 shares at an average price of $16.48 per share, for a total of $2,604.

The table below summarizes the number of shares of our common stock that were repurchased during the years ended December 31, 2021, 2020 and 2019. The shares and respective amount are recorded as treasury shares on the Company’s consolidated balance sheets.

Month ended	Total number of shares purchased		Average price paid per share		Total amount paid
August 31, 2021		78,300	$	15.37	$	1,203
September 30, 2021		221,700	$	15.23	$	3,376
Total number of shares repurchased		300,000	$	15.26	$	4,579

January 31, 2019		158,048	$	16.48	$	2,604
Total number of shares repurchased		158,048	$	16.48	$	2,604