Equity

9 Months Ended

Sep. 30, 2023

Equity

Equity

Note 9. Equity

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. The Company completed the Share Repurchase Program in June 2023 with approximately 4.9 million shares purchased for $50.4 million (including commissions).

The following table summarizes the Company’s purchases of WOW common stock during the three and nine months ended September 30, 2023 and 2022, respectively. These shares are reflected as treasury stock in the Company’s consolidated balance sheets.

	Three months ended		Nine months ended
	September 30,		September 30,
	2023	2022	2023	2022
	(shares)
Share buybacks	—	—	3,751,803	—
Income tax withholding(1)	35,647	56,282	792,068	389,817
	35,647	56,282	4,543,871	389,817

(1) Generally, the company withholds shares to cover the income tax withholdings of the employee upon vesting. These shares are not part of the board approved Share Repurchase Program.