Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.24.1.1.u2
Stockholders' Equity
 3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchase Program
On October 27, 2022, the Company’s Board of Directors approved a share repurchase program under which the Company may repurchase up to $50.0 million of its common shares outstanding through December 31, 2024. The Company repurchased 214,659 shares for approximately $7.3 million during the first quarter of 2024 and no shares during the first quarter of 2023. As of March 31, 2024, the Company had $13.8 million remaining under its $50.0 million share repurchase program.
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.