Equity

12 Months Ended

Dec. 31, 2022

Equity

Equity

12. Equity

Common Stock Repurchase Plan

On October 4, 2022, the Company’s Board of Directors authorized the Company to repurchase up to $50.0 million of its outstanding common stock. As of December 31, 2022, we repurchased approximately 1.2 million shares for $12.3 million.

The following table summarizes the Company’s purchases of WOW common stock during the years ended December 31, 2022, 2021 and 2020. These shares are reflected as treasury stock in the Company’s consolidated balance sheets.

	Year ended December 31,
	2022	2021	2020
	(shares)
Share buybacks	1,183,151	—	—
Income tax withholding(1)	395,606	494,458	260,265
	1,578,757	494,458	260,265

(1) Generally, the Company withholds shares to cover the income tax withholding of the employee upon vesting. The total fair value of restricted shares vested was $30.4 million, $28.9 million, and $5.0 million for the years ended December 31, 2022, 2021 and 2020, respectively.