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Note 20 - Stock Repurchase Program
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Treasury Stock [Text Block]

20. Stock Repurchase Program

 

On October 26, 2018, the Company’s Board of Directors approved a stock repurchase program to buy back up to $45.0 million of our common stock. During the remainder of 2018, the Company repurchased 913,400 shares for $35.1 million, or $38.43 per share under the October 2018 repurchase program. The Company repurchased 268,660 shares for $9.9 million, or $36.83 per share under the October 2018 repurchase program in the six months ended June 30, 2019. The Company completed the October 2018 repurchase program with the repurchase of 1,182,060 shares in total at an average cost of $38.07 per share.

 

On May 7, 2019, the Company announced that its Board of Directors adopted a new stock repurchase program to buy back up to $50.0 million of the Company’s common stock. The Company repurchased 606,934 shares for $21.7 million, or $35.78 per share, under the May 2019 repurchase program in the quarter ended June 30, 2019. As of June 30, 2019, the Company may repurchase up to $28.3 million of its common stock under the May 2019 repurchase program.