Share Repurchases

12 Months Ended

Dec. 31, 2019

Note 18 – Share Repurchases

In 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 share repurchase program has no expiration date and may be suspended or discontinued at any time without notice. As of December 31, 2019, $49.0 million remained of our $100.0 million share repurchase program. There were no share repurchases in 2019.

We repurchased the following shares of capital stock through the Program, using cash from operations and cash on hand, during the years presented below:



	Years Ended December 31,
(Dollars in thousands)	2019		2018		2017
Shares of capital stock repurchased	—		23,138		—
Value of capital stock repurchased	$	—	$	2,999	$	—