XML 33 R26.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Stock Re-purchase Program
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Stock Re-purchase Program

18. Stock Re-purchase Programs — 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 under a 10b5-1 plan, par value $0.10 per share, in the open market over the succeeding one year, subject to limitations and restrictions under applicable securities laws.

On May 25, 2023, pursuant to a Board of Directors resolution, the Company announced its intention to repurchase up to $15,000 of its common stock under a 10b5-1 plan, 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 six months ended June 30, 2024 and 2023.

 

Three months ended

 

Total number of
shares purchased

 

 

Average price paid
per share

 

 

Total amount paid

 

June 30, 2024

 

 

—

 

 

 

—

 

 

$

—

 

June 30, 2023

 

 

380,366

 

 

$

17.51

 

 

$

6,669

 

 

 

 

 

 

 

 

 

 

 

Six months ended

 

Total number of
shares purchased

 

 

Average price paid
per share

 

 

Total amount paid

 

June 30, 2024

 

 

—

 

 

 

—

 

 

$

—

 

June 30, 2023

 

 

408,201

 

 

$

17.88

 

 

$

7,226

 

Pursuant to Amendments Number Six and Seven to the Third Amended Loan and Security Agreement, the Company is currently prevented from making stock repurchases, effective November 7, 2023.