Shareholders' Equity

6 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]

NOTE 14 – Shareholders’ Equity

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



	As of
	June 30,	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	57,066,930	56,929,298
Shares outstanding	32,267,307	32,472,406
Treasury stock
Shares held	24,799,623	24,456,892

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 six months ended June 30, 2020 and 2019, 342,731 and 179,966 shares of common stock were repurchased for $8,080 and $5,002, respectively. Approximately $5,740 is available for future purchases.

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



	Six Months Ended
	June 30,		June 30,
	2020		2019
Balance at the beginning of the year	32,472,406		32,750,727
Repurchases	(342,731	)	(179,966	)
Restricted share issuances	137,632		136,520
Balance at the end of the period	32,267,307		32,707,281

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 for the three months ended June 30, 2020 was 84,720. There were no anti-dilutive awards outstanding for the three months ended June 30, 2019. The number of outstanding awards that were anti-dilutive for the six months ended June 30, 2020 and June 30, 2019 were 61,780 and 108,894, respectively.