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Stock Repurchase Program | 3 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
Stock Repurchase Program | Stock Repurchase Program The Company’s stock repurchase programs assist in offsetting the impact of dilution from employee equity compensation and assist with capital allocation. Management is allowed discretion in the execution of the repurchase program based upon market conditions and consideration of capital allocation. In June 2022, the Company announced that its Board of Directors approved a stock repurchase program authorizing the repurchase of up to 1,000,000 shares of the Company’s outstanding common stock. In 2022, the Company repurchased 306,375 shares of common stock for an aggregate purchase price of $1.6 million, which were recorded as part of treasury stock as of December 31, 2022. In the three months ended March 31, 2023, the Company repurchased 34,687 shares of common stock for an aggregate purchase price of $186,000, which were recorded as part of treasury stock as of March 31, 2023. As of March 31, 2023, there were 658,938 shares remaining to be repurchased under this program

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