Share Repurchase Plan

12 Months Ended

Dec. 31, 2018

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 years ended December 31, 2018 and 2017.

The following table summarizes the remaining authorized repurchase amount under the program as at December 31, 2018.



(millions)	December 31, 2018
Total authorized repurchase amount	$	30.0
Total value of shares repurchased	7.5
Total remaining authorized repurchase amount	$	22.5