Common Stock (Tables)

9 Months Ended

Sep. 30, 2022

Common Stock

Schedule of repurchase activity on a cash basis

		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2022		2022
Dollar value of shares repurchased	$	—	$	3,935,333
Shares repurchased(1)		—		165,037
Average price paid per share	$	—	$	23.85

(1) On November 17, 2021, the Company announced an increase in authorization for its stock repurchase program, up to $75,000,000 of common stock, expiring December 31, 2023. On April 29, 2022, the Company entered into a Rule 10b5-1 plan (the “10b5-1 Plan”) with a broker for the repurchase of shares of its common stock commencing on May 3, 2022. The details of this repurchase plan were provided in the Form 8-K filed by the Company on May 24, 2022.