Share Repurchase

3 Months Ended

Mar. 31, 2018

On August 6, 2015, we initiated a share repurchase program (the Program) of up to $100.0 million of the Company’s capital stock. We initiated the 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 Program has no expiration date, and may be suspended or discontinued at any time without notice. As of March 31, 2018, $49.0 million remained available for repurchase under the Program.

We repurchased the following shares of capital stock during the quarter ended March 31, 2018:



(Dollars in thousands)	Three Months Ended March 31, 2018
Shares of capital stock repurchased	23,138
Value of capital stock repurchased	$	2,999

All repurchases were made using cash from operations.