Share Repurchase

12 Months Ended

Dec. 31, 2017

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, 2017, $52.0 million remained of our $100.0 million share repurchase program.

No shares of capital stock were repurchased during 2017. We repurchased the following shares of capital stock through our share repurchase program during the years presented below:



	For the Years Ended December 31,
(Dollars in thousands)	2017		2016
Shares of capital stock repurchased	—		140,498
Value of capital stock repurchased	$	—	$	7,995

All previous repurchases were made using cash from operations and cash on hand. Refer to “Item 5 - Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” for further detail of the share repurchase program.