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Material Transactions Affecting Stockholders' Equity
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Material Transactions Affecting Stockholders' Equity MATERIAL TRANSACTIONS AFFECTING STOCKHOLDERS' EQUITY
On March 19, 2019, the Company announced a new stock repurchase program that authorizes the Company to repurchase up to $180 million of its common stock. Stock repurchases under this program may be made from time to time on the open market or in privately negotiated transactions, at the discretion of the Company. The program will be in effect for a one-year period, with repurchases made at prices to be determined by the Company. The stock repurchase program does not obligate the Company to repurchase a specific dollar amount or number of shares, and the program may be extended, modified, or discontinued at any time.
The Company repurchased 1,041,700 shares of its common stock at a total cost of $21.2 million during the quarter and six months ended June 30, 2019.