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Treasury Stock | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Treasury Stock | Treasury Stock From time to time, our Board of Directors authorizes management to repurchase shares of our issued and outstanding common stock. On October 26, 2023, our Board approved a new share repurchase program with an effective date of November 7, 2023 (the "October 2023 Program"). Pursuant to the October 2023 Program, we are authorized to repurchase up to 1,000,000 shares of our common stock. Per the terms of the October 2023 Program, we may 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 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:
| Nine Months Ended September 30,
(In thousands) | 2023 |  | 2022
Open market shares repurchased | — |  |  | 300 |
Stock-based compensation related shares repurchased | 61 |  |  | 58 |
Total shares repurchased | 61 |  |  | 358 |
Cost of open market shares repurchased | $ | — |  |  | $ | 9,438 |
Cost of stock-based compensation related shares repurchased | 888 |  |  | 1,859 |
Total cost of shares repurchased | $ | 888 |  |  | $ | 11,297 |
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.

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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 -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505-30/tableOfContent + Details
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