XML 66 R23.htm IDEA: XBRL DOCUMENT v3.20.1
Treasury Stock
3 Months Ended
Mar. 31, 2020
Treasury Stock.  
Treasury Stock

13. Treasury Stock

The Board of Directors has authorized the Company to repurchase up to $250,000 in aggregate of common stock, from time to time, depending on market conditions and other considerations. The expiration date on the repurchase authorization is December 31, 2020. Repurchases occur at the Company’s discretion. Repurchases may be made in the open market. or in privately negotiated transactions, pursuant to the applicable Securities and Exchange Commission rules. The amount and timing of future share repurchases, if any, will be made as market and business conditions warrant. During the three months ended March 31, 2020 the Company repurchased 787 shares of common stock at an aggregate cost of $60,737. At March 31, 2020, there remained $66,580 available under its current share repurchase authorization. Shares repurchased in lieu of taxes are not included in the repurchase plan totals as they were approved in conjunction with the restricted share awards. Subsequent to March 31, 2020, the Company repurchased 100 shares of common stock at an aggregate cost of $7,297.