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Stock Buyback Plan | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Stock Buyback Plan | Note 11 – Stock Buyback Plan On September 30, 2019, our Board of Directors approved a new plan to buyback up to ten million additional shares of our common stock from the open market (“Stock Buyback Plan”). Activity under the Stock Buyback Plan by year is as follows (all share and dollar amounts have been adjusted to reflect the 1-for-4 reverse split that occurred in December 2020):
(in thousands, except per share cost) |  | Number of Shares |  |  | Cost of Shares |  |  | Average Cost per Share |
Balance, January 1, 2019 |  |  | 126 |  |  | $ | 1,110 |  |  | $ | 8.81 |
Shares purchased during 2019 |  |  | 80 |  |  |  | 555 |  |  |  | 6.94 |
Balance, December 31, 2019 |  |  | 206 |  |  |  | 1,665 |  |  |  | 8.08 |
Shares purchased during 2020 |  |  | 132 |  |  |  | 1,037 |  |  |  | 7.86 |
Balance, December 31, 2020 |  |  | 338 |  |  | $ | 2,702 |  |  | $ | 7.99 |
The repurchased shares are recorded as part of treasury stock and are accounted for under the cost method. Our Stock Buyback Plan has been and will be used to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards. In the future, we may consider additional share repurchases under our plan based on several factors, including our cash position, share price, operational liquidity, and planned investment and financing needs.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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