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STOCK REPURCHASE PROGRAM
12 Months Ended
Dec. 31, 2019
STOCK REPURCHASE PROGRAM [ABSTRACT]  
STOCK REPURCHASE PROGRAM

(20)STOCK REPURCHASE PROGRAM

 

Stock Repurchase Program

 

The Company has a stock repurchase program, which was initially authorized by the Company’s Board of Directors in November 2001. As of December 31, 2019, the cumulative authorized repurchase allowance was $762.3 million. During the year ended December 31, 2019, the Company purchased no additional shares. Since inception of the program, the Company has purchased 46.1 million shares for $735.8 million. As of December 31, 2019, the remaining allowance under the program was approximately $26.6 million. For the period from January 1, 2019 through February 28, 2020, the Company did not purchase additional shares. The stock repurchase program does not have an expiration date.