XML 35 R18.htm IDEA: XBRL DOCUMENT v3.20.4
Share Repurchases
12 Months Ended
Dec. 31, 2020
Comprehensive Income  
Share Repurchases

(9) Share Repurchases

The Company accounts for the repurchase of common stock using the cost method, with common stock in treasury classified in the Company’s Consolidated Balance Sheets as a reduction in stockholders’ equity.  In December 2015, the Company commenced a publicly announced share repurchase program to repurchase up to $10,000 of its common stock.  On November 30, 2019, the repurchase program expired.  No shares were repurchased under the program in 2019 or 2018.

During 2020, pursuant to provisions in the 2001 Plan that allow employees and directors to pay the tax withholding liability upon the lapse of restrictions on restricted stock in either cash and/or delivery of shares of the Company’s common stock, the Company repurchased 5,622 shares at a weighted-average price of $99.08 per share.