Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Stockholders' Equity Note [Abstract]

Summary of Share Count and Par Value Data Related to Shareholders' Equity

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

	As of
	March 31,	December 31,
	2020	2019
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	57,023,530	56,929,298
Shares outstanding	32,345,907	32,472,406
Treasury stock
Shares held	24,677,623	24,456,892

Treasury Stock [Text Block]

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 three months ended March 31, 2020 and 2019, 220,731 and 31,500 shares of common stock were repurchased for $5,304 and $849, respectively. Approximately $8,516 is available for future purchases.

Summary of Common Shares Outstanding

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

	Three Months Ended
	March 31,		March 31,
	2020		2019
Balance at the beginning of the year	32,472,406		32,750,727
Repurchases	(220,731	)	(31,500	)
Restricted share issuances	94,232		136,281
Balance at the end of the period	32,345,907		32,855,508

Certain potentially dilutive restricted stock units are excluded from diluted earning per share because they are anti-dilutive. The number of outstanding awards that were anti-dilutive at March 31, 2020 and March 31, 2019 were 38,839 and 91,098, respectively.