In May 2019 and August 2019, the Company’s Board of Directors (“Board”) authorized a new stock repurchase program allowing for the repurchase of up to $8.0 million and $1.0 million, respectively, of the Company’s outstanding shares of common stock in open market purchases, privately negotiated transactions, or through other structures in accordance with applicable federal securities laws. The authorization was effective immediately with a total repurchase authorization of $9.0 million.

The timing and actual number of repurchases will depend on a variety of factors, including stock price, corporate and regulatory requirements and other market and economic conditions. The Company’s stock repurchase program may be suspended or discontinued at any time.

The table shown below summarizes treasury share transactions under the Company’s stock repurchase program.

	Three months ended September 30, (In thousands)
	2020					2019
	Number of Shares		Amount			Number of Shares		Amount
Common shares at the beginning of period		4,838	$	(71,466	)		4,714	$	(70,459	)
Common shares purchased		25		(201	)		-		-
Common shares at the end of period		4,863	$	(71,667	)		4,714	$	(70,459	)

	Six months ended September 30, (In thousands)
	2020					2019
	Number of Shares		Amount			Number of Shares		Amount
Common shares at the beginning of period		4,833	$	(71,438	)		4,714	$	(70,459	)
Common shares purchased		30		(229	)		-		-
Common shares at the end of period		4,863	$	(71,667	)		4,714	$	(70,459	)

For the three months and six months ended September 30, 2020, the Company repurchased a total of approximately 25,000 shares of common stock at an aggregate cost of approximately $201 thousand and average cost per share of $8.05; a total of approximately 30,000 shares of common stock at an aggregate cost of approximately $229 thousand and average cost per share of $7.70, respectively. The total shares repurchased through November 6, 2020 under the plan in aggregate is approximately 149,000 shares of common stock for approximately $1.203 million at an average price of $8.05 in accordance with Rule 10b5-1 and Rule 10b-18 under the Exchange Act of 1934. The remaining aggregate amount available for repurchases of shares of common stock would be approximately $7.797 million.