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Treasury Stock
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Treasury Stock

Note 11. Treasury Stock

In September 2019, the Company’s Board of Directors (the Board) approved a share repurchase program (the 2019 Program) pursuant to which the Company could purchase up to $7.0 million of shares of its common stock over the twelve month period following the establishment of the program. The repurchases under the 2019 Program were made from time to time in the open market or in privately negotiated transactions and were funded from the Company’s working capital. Repurchases are made in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended, subject to market conditions, available liquidity, cash flow, applicable legal requirements and other factors. In September 2020, the Board approved an extension to the 2019 Program for an additional twelve-month period ending September 9, 2021.

During the six months ended June 30, 2021, the Company did not repurchase any shares of its common stock. Since inception of the 2019 Program through June 30, 2021, the Company repurchased a total of approximately 162,000 shares of the common stock for a total cost of $1.6 million through June 30, 2021.