Stockholders' Equity

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Stockholders' Equity

Stockholders' Equity

Common Stock

Basic had 80,000,000 shares of Basic’s common stock, par value $0.01 per share authorized, 27,912,059 shares issued and 24,904,485 shares outstanding at December 31, 2019.

Treasury Stock

Basic acquired treasury shares through net share settlements for payment of payroll taxes upon the vesting of restricted stock unit awards, forfeitures of restricted share awards, and through the publicly announced repurchase program. Basic issued and repurchased a net total of 2,692,116 and 160,026 common shares for the years ended December 31, 2019 and 2018 respectively.

Preferred Stock

At December 31, 2019, Basic had 5,000,000 shares of preferred stock, par value $0.01 per share, authorized, of which none was designated, issued or outstanding.