Shareholders' Equity

12 Months Ended

Dec. 31, 2020

NOTE 16 — Shareholders' Equity

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

	As of 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		57,076,410		56,929,298
Shares outstanding		32,276,787		32,472,406
Treasury stock
Shares held		24,799,623		24,456,892

On February 7, 2019, the Board of Directors authorized a stock repurchase program with a maximum dollar limit of $25,000 in stock repurchases, which replaced the previous authorized plan that was approved by our Board of Directors in April 2015. During the year ended December 31, 2020 we purchased 342,731 shares for approximately $8,080. During the year ended December 31, 2019 we purchased 420,770 shares for $11,746, of which $566 was repurchased under the previous plan and $11,180 was repurchased under the most recent board-authorized share repurchased program. Approximately $5,740 was available for future purchases.

A roll forward of common shares outstanding is as follows:

	As of December 31,
	2020		2019
Balance at beginning of the year		32,472,406		32,750,727
Repurchases		(342,731)		(420,770)
Restricted stock unit issuances		147,112		142,449
Balance at end of period		32,276,787		32,472,406