XML 33 R24.htm IDEA: XBRL DOCUMENT v3.23.1
Share Transactions
 6 Months Ended
Mar. 31, 2023
Share Transactions [Abstract]  
Share Transactions

Note 14. Share Transactions 

 

On February 8, 2023, the Board of Directors approved the expansion of the amount authorized for repurchase under the Company’s share repurchase program from $25 million to $35 million. Since announcing this share repurchase program on January 11, 2021, the Company has repurchased an aggregate of 632,071 shares of common stock through March 31, 2023 with a total cost of approximately $25.0 million, or 23.2% of shares outstanding as of the program’s inception. Taking into account such prior repurchases, the total remaining amount authorized under the expanded share repurchase program is approximately $10.0 million.

 

The following table sets forth the number of shares of common stock repurchased by the Company at an average price of $36.85 per share under its share repurchase program from February 10, 2021 through March 31, 2023: 

 

Month Ended   Shares Repurchased     Repurchase Price Per Share   Aggregate Consideration for Repurchased Shares  
February 2021     13,082     $30.25 - $30.96   $ 397,384  
March 2021     12,241     $30.25 - $34.42     393,938  
April 2021     14,390     $33.11 - $34.89     491,469  
May 2021     25,075     $34.56 - $39.93     976,440  
August 2021     141,700     $41.03 - $42.28     5,944,213  
January 2022     7,312     $39.07 - $40.88     293,756  
February 2022     170,589     $39.53 - $41.00     6,908,864  
March 2022     132,054     $39.24 - $40.57     5,306,885  
April 2022     2,942     $39.07 - $41.00     117,758  
May 2022     3,391     $37.70 - $39.78     131,338  
June 2022     3,515     $37.28 - $39.19     135,063  
July 2022     700     $36.43 - $37.26     25,864  
August 2022     3,081     $28.27 - $37.82     112,456  
September 2022     91,808     $36.13 - $37.53     3,443,845  
October 2022     401     $35.20 - $36.14     14,434  
November 2022     1,103     $34.53 - $35.28     38,790  
December 2022     1,501     $33.26 - $34.84     51,295  
January 2023     2,052     $32.78 - $34.84     68,665  
February 2023     3,131     $33.06 - $39.03     115,430  
March 2023     2,003     $37.02 - $38.89     76,214  
Total     632,071         $ 25,044,100  

 

During the six months ended March 31, 2023, 10,191 shares were transferred into treasury.