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Stockholders Equity
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Stockholders Equity

Note 11. Stockholders Equity

 

In March 2018, the Company’s Board of Directors authorized a share repurchase program to acquire up to $200 million of the Company’s common stock. The Company may repurchase shares from time to time in open market transactions or through privately negotiated transactions in accordance with applicable federal securities laws. The timing and amounts of any purchases under the share repurchase program will be based on market conditions and other factors including price. The repurchase program has a two-year duration, does not require the purchase of any minimum number of shares and may be suspended, modified or discontinued at any time without prior notice. The Company intends to fund the share repurchase program principally with cash from operations. During the year ended December 31, 2019, the Company repurchased and subsequently retired 1.7 million shares for $40 million.