Shareholders' Equity

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note [Abstract]

NOTE 14 – Shareholders’ Equity

Share count and par value data related to shareholders’ equity are as follows:



	As of
	September 30,	December 31,
	2019	2018
Preferred Stock
Par value per share	No par value	No par value
Shares authorized	25,000,000	25,000,000
Shares outstanding	—	—
Common Stock
Par value per share	No par value	No par value
Shares authorized	75,000,000	75,000,000
Shares issued	56,924,737	56,786,849
Shares outstanding	32,601,889	32,750,727
Treasury stock
Shares held	24,322,848	24,036,122

On February 7, 2019, the Board of Directors authorized a new stock repurchase program with a maximum dollar limit of $25,000 in stock repurchases, which replaced the previous program. During the nine months ended September 30, 2019, 286,726 shares of common stock were repurchased for approximately $8,045, of which $567 was repurchased under the previous program and $7,478 was repurchased under the most recent board-authorized share repurchase plan. Approximately $17,522 is available for future purchases.

A roll-forward of common shares outstanding is as follows:



	Nine Months Ended
	September 30,		September 30,
	2019		2018
Balance at the beginning of the year	32,750,727		32,938,466
Repurchases	(286,726	)	—
Restricted share issuances	137,888		148,815
Balance at the end of the period	32,601,889		33,087,281

Certain potentially dilutive restricted stock units are excluded from diluted earning per share because they are anti-dilutive. The number of awards that were anti-dilutive for the nine month periods ended September 30, 2019 and September 30, 2018 were 20,273 and 1,538, respectively. There were no outstanding anti-dilutive awards impacting the three month periods ended September 30, 2019 and September 30, 2018.