Share Repurchase Plan

12 Months Ended

Dec. 31, 2017

In May 2016, the Company's Board of Directors authorized the Company to repurchase, on the open market, shares of its outstanding common stock in an amount not to exceed $30.0 million in aggregate. Purchases of the Company's common stock may be made in open market transactions effected through a broker-dealer at prevailing market prices, in block trades, or by other means in accordance with Rule 10b-18 and 10b5-1 under the Exchange Act. The share repurchase program does not obligate the Company to repurchase any particular amount of common stock, and has no fixed termination date.

Under this program, the Company repurchased 305,183 shares of common stock through December 31, 2016. No shares were repurchased during the year ended December 31, 2017. The following tables summarize share repurchase activity during the year ended December 31, 2017 and 2016 and the remaining authorized repurchase amount under the program as at December 31, 2017.



	Twelve Months Ended
(millions, except for share and per share data)	December 31, 2017		December 31, 2016
Total number of shares repurchased	—		305,183
Average price paid per share	$	—	$	24.43
Total value of shares repurchased	$	—	$	7.5



(millions)	December 31, 2017
Total authorized repurchase amount	$	30.0
Total value of shares repurchased	7.5
Total remaining authorized repurchase amount	$	22.5