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Stock Re-purchase Program | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Stock Re-purchase Program | 21. Stock Re-purchase Programs — The Company periodically repurchases shares of its common stock under a board-authorized repurchase program through a combination of open market transactions and accelerated share repurchase (ASR) arrangements. 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, subject to limitations and restrictions under applicable securities laws. The table below summarizes the number of shares of the Company’s common stock that were repurchased during the three- and nine-month periods ended September 30, 2022. There were no such purchases during the three- and nine-month periods ended September 30, 2021.
Month ended |  | Total number of shares purchased |  |  | Average price paid per share |  |  | Total amount paid |  |  | Maximum number of shares that may yet be purchased under the plan |
March 31, 2022 |  |  | 332,404 |  |  | $ | 18.71 |  |  | $ | 6,219 |  |  |  | 667,596 |
Balance at March 31, 2022 |  |  | 332,404 |  |  |  |  |  | $ | 6,219 |  |  |  | 667,596 |
April 30, 2022 |  |  | 100 |  |  | $ | 19.99 |  |  | $ | 2 |  |  |  | 667,496 |
May 31, 2022 |  |  | 506 |  |  | $ | 19.99 |  |  | $ | 11 |  |  |  | 666,990 |
Balance at June 30, 2022 |  |  | 606 |  |  | $ | 19.99 |  |  | $ | 13 |  |  |  | 666,990 |
August 31, 2022 |  |  | 165,039 |  |  | $ | 19.59 |  |  | $ | 3,234 |  |  |  | 501,951 |
September 30, 2022 |  |  | 222,301 |  |  | $ | 19.19 |  |  | $ | 4,265 |  |  |  | 279,650 |
Balance at September 30, 2022 |  |  | 387,340 |  |  | $ | 19.36 |  |  | $ | 7,499 |  |  |  | 279,650 |
Total number of shares repurchased |  |  | 720,350 |  |  | $ | 19.06 |  |  | $ | 13,731 |  |  |  | 279,650 |
On August 22, 2022, pursuant to a Board of Directors resolution, the Company entered into an accelerated share repurchase arrangement to repurchase $20,000 of its common stock. Under the agreement, the Company paid $20,000 and immediately received an initial delivery of 802,810 shares in the amount of $16,000, which the Company recorded as treasury shares. The Company recorded the remaining $4,000 as a reduction to additional paid-in capital pending final settlement in the fourth quarter of 2022. The final number of shares that the Company ultimately receives under the agreement will be determined based on the average of the Rule 10b-18 volume-weighted average prices of the Company’s common stock during the term of the agreement, less and agreed discount, and subject to adjustments pursuant to the terms of the agreement. The table below summarizes the number of shares of the Company’s common stock that were received under the accelerated share repurchase arrangement during the three- and nine-month periods ended September 30, 2022. There were no such transactions during the three- and nine-month periods ended September 30, 2021.
Month ended |  | Total number of shares received |  |  | Average price paid per share |  |  | Total amount paid |
August 31, 2022 |  |  | 802,810 |  |  | $ | 19.93 |  |  | $ | 16,000 |
In summary, the Company added a total of 1,190,150 and 1,523,160 of treasury shares of the Company’s common stock during the three- and nine-month periods ended September 30, 2022.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2208821 + Details
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