Share Repurchase Program |
6 Months Ended |
|---|---|
Jun. 30, 2019 | |
| Share Repurchase Program [Abstract] | |
| Share repurchase program |
Share Repurchase Program
On October 26, 2017, the Company's board of directors approved a share repurchase program under which it authorized the Company, at its discretion, to repurchase up to $30.0 million of its common stock through December 31, 2019. Repurchases of the Company's outstanding common stock will be made in accordance with applicable laws and may be made at management's discretion from time to time in the open market, through privately negotiated transactions or otherwise, including pursuant to Rule 10b5-1 trading plans. There is no guarantee as to the exact number of shares to be repurchased by the Company. The timing and extent of repurchases will depend upon several factors, including market and business conditions, regulatory requirements and other corporate considerations, and repurchases may be discontinued at any time.
We repurchased approximately 176,000 and 256,000 shares of common stock for $3.9 million and $5.7 million, respectively, during the thirteen and twenty-six weeks ended June 30, 2019, respectively. As of June 30, 2019, we have $20.7 million remaining to be repurchased under this plan.
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