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Treasury Stock

6 Months Ended

Jun. 30, 2023

From time to time, our Board of Directors authorizes management to repurchase shares of our issued and outstanding common stock. Our share repurchase programs typically utilize various methods to effect the repurchases, including open market repurchases, negotiated block transactions, accelerated share repurchases or open market solicitations for shares, some or all of which could be effected through Rule 10b5-1 plans. We do not currently have any approved repurchase programs in progress.

We also repurchase shares of our issued and outstanding common stock to satisfy the cost of stock option exercises and/or income tax withholding obligations relating to the stock-based compensation of our employees and directors.

Repurchased shares of our common stock were as follows:


	Six Months Ended June 30,
(In thousands)	2023		2022
Open market shares repurchased	—		300
Stock-based compensation related shares repurchased	58		55
Total shares repurchased	58		355

Cost of open market shares repurchased	$	—	$	9,438
Cost of stock-based compensation related shares repurchased	855		1,773
Total cost of shares repurchased	$	855	$	11,211

Repurchased shares are recorded as shares held in treasury at cost. We hold these shares for future use as management and the Board of Directors deem appropriate.