Common Stock

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Common Stock

17.Common Stock

Changes in the number of common stock shares outstanding were as follows:

	Six Months Ended June 30,
	2021			2020
Shares outstanding, beginning of period		21,318,638			22,119,380
Treasury shares repurchased through stock repurchase authorization		(118,531	)		(519,598	)
Issuance of treasury shares for vesting of restricted stock units		102,060			31,442
Shares outstanding, end of period		21,302,167			21,631,224

On February 28, 2018, our Board of Directors approved an authorization for the repurchase of up to approximately $10,000 of the Company’s outstanding common stock. We completed the repurchase of 191,265 shares of our common stock for $2,966 during 2018, and an additional 116,034 shares for $2,006 during 2019. During the six months ended June 30, 2020, we completed the repurchase of 402,056 shares of our common stock for $4,996 to close out this authorization.

On May 4, 2020, our Board of Directors approved an additional authorization for the repurchase of up to approximately $10,000 of the Company’s outstanding common stock. During the year ended December 31, 2020, we completed the repurchase of 454,443 shares of our common stock for $7,238 under this new authorization. During the six months ended June 30, 2021, we completed the repurchase of 118,531 shares of our common stock for $2,266.

The cost of this treasury stock is a reduction of shareholders’ equity within our Consolidated Balance Sheets.