Share Repurchases

6 Months Ended

Jun. 30, 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 dilutive effects of stock option exercises and vesting of restricted stock units 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 June 30, 2018, $49.0 million remained available for repurchase under the Program.

We repurchased the following shares of capital stock during the three and six months ended June 30, 2018:



	Three Months Ended		Six Months Ended
(Dollars in thousands)	June 30, 2018		June 30, 2018
Shares of capital stock repurchased	—		23,138
Value of capital stock repurchased	$	—	$	2,999

All repurchases were made using cash from operations.