SHARE REPURCHASE

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

SHARE REPURCHASE

SHARE REPURCHASE

On December 15, 2022, the Company announced a new Share Repurchase Program pursuant to which it may repurchase up to $85.0 million worth, or 2.8 million shares of the Company's outstanding common stock over the next 24 months.

During the three months ended March 31, 2023, the Company repurchased 339,535 shares of its common stock for approximately $9.1 million compared to 58,887 shares of its common stock for approximately $1.5 million for the three months ended March 31, 2022.

Total consideration paid to repurchase the shares was recorded in shareholders’ equity as treasury shares.

	Three Months Ended March 31,		Three Months Ended March 31,
(in thousands, except per share data)	2023		2022
Total number of shares purchased	339.5		58.9
Amount paid	$	9,135	$	1,511
Average price paid per share	$	27.26	$	25.66