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Treasury Stock
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Treasury Stock

Note 10. Treasury Stock

In 2019, our Board of Directors (the Board) approved a share repurchase program (the Program) pursuant to which the Company could purchase up to $7.0 million of shares of our common stock. The repurchases under the 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 were 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. Since inception of the stock repurchase programs, including prior share repurchase programs, the Company has

purchased a total of approximately 541,000 shares for a total cost of $5.4 million. The Program expired in September 2021.