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Stock Repurchases
12 Months Ended
Dec. 31, 2021
Stock Repurchases [Abstract]  
Stock Repurchases Stock Repurchases
Effective February 6, 2017, the Company's Board of Directors unanimously approved and authorized a share repurchase plan of $150.0 million. The Board directed that the repurchases be funded with available cash balances and cash generated by the Company's operating activities. The aggregate amount of repurchases of the Company's equity shares is limited by restrictive covenants contained in our Credit Facility.

The Company's share repurchase plan’s terms have been structured to comply with the SEC’s Rule 10b-18, and are subject to market conditions and applicable legal requirements. The program does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time. All purchases are made in the open market. Treasury stock is recorded at its acquired cost. During 2021 and 2020, there were no stock repurchases under the plan.

As of December 31, 2021, the Company had $80.1 million remaining in its current Board of Directors-approved share repurchase program.