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Treasury Stock
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Treasury Stock

Note 9. Treasury Stock

The Company’s Board of Directors initiated a share repurchase program in February 2010. In October 2016, the Board reauthorized this program with a limit of $25.0 million with no expiration date.  Repurchases of shares may be made pursuant to pre-established trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934.  

During the three months ended March 31, 2022, 43,893 shares were purchased for $2.1 million, or an average price (including commission) of $46.90 per share.  There were no shares repurchased under this program in 2021.  Since the beginning of this plan, the Company has repurchased a total of 1,302,143 shares for $24.4 million, or an average price of $18.76 (including commission).  At March 31, 2022, the Company had $22.9 million of capacity remaining under its share repurchase authorization.