Share Repurchase Authorization

12 Months Ended

Dec. 31, 2019

Share Repurchase Program [Abstract]

Share Repurchase Authorization

18. Shares Repurchase Authorization:

In October 2018, the Rudolph Board of Directors approved a share repurchase authorization, which allowed Rudolph to repurchase up to $40,000 worth of shares of the Rudolph’s common stock.  The authorization provided for repurchases to be made in the open market or through negotiated transactions from time to time.  The share repurchase authorization was terminated on October 25, 2019 due to the closing of the Merger.

The following table summarizes the Company’s stock repurchases: 

	Year Ended December 31,
	2019		2018		2017
Shares of common stock repurchased		37		1,061		—
Cost of stock repurchased	$	744	$	21,069	$	-
Average price paid per share	$	19.85	$	19.86	$	-

Following the Merger, the Company assumed the share repurchase authorization approved on March 14, 2019, by the former Nanometrics Board of Directors.  This share repurchase authorization allows for the Company to purchase up to $80,000 worth of shares of its common stock. Under the terms of this share repurchase authorization, shares may be repurchased through open market or privately negotiated transactions. No shares have been repurchased under this repurchase authorization as of December 31, 2019.