Share Repurchase

12 Months Ended

Dec. 31, 2016

On August 6, 2015, we initiated a share repurchase program of up to $100.0 million of the Company’s capital stock. We initiated this program to mitigate potentially dilutive effects of stock options and shares of restricted stock granted by the Company, in addition to enhancing shareholder value. The share repurchase program has no expiration date, and may be suspended or discontinued at any time without notice. As of December 31, 2016, $52.0 million remained of our $100.0 million share repurchase program.

We repurchased the following shares of common stock through our share repurchase program during the years presented below:



(Dollars in thousands)	December 31, 2016		December 31, 2015
Shares of capital stock repurchased	140,498		727,573
Value of capital stock repurchased	$	7,995	$	39,993

No shares of capital stock were repurchased during 2014. All repurchases were made using cash from operations and cash on hand. Refer to Part II, Item 5 for further detail of the share repurchase program.