In May 2019, the Company’s Board of Directors (“Board”) authorized a new stock repurchase program allowing for the repurchase of up to $8.0 million of the Company’s outstanding shares of common stock in open market purchases, privately negotiated transactions, or through other structures in accordance with applicable federal securities laws. The authorization was effective immediately.

In August 2019, the Company’s Board authorized additional repurchases of up to $1.0 million of the Company’s outstanding shares.

The timing and actual number of repurchases will depend on a variety of factors, including stock price, corporate and regulatory requirements and other market and economic conditions. The Company’s stock repurchase program may be suspended or discontinued at any time.

The following table summarizes treasury share transactions under the Company's stock repurchase program:


	Three months ended December 31, (In thousands)
	2023					2022
	Number of Shares		Amount			Number of Shares		Amount
Treasury shares at the beginning of period		5,368	$	(76,794	)		5,349	$	(76,684	)
Treasury shares purchased		-		-			19		(110	)
Treasury shares at the end of period		5,368	$	(76,794	)		5,368	$	(76,794	)


	Nine months ended December 31, (In thousands)
	2023					2022
	Number of Shares		Amount			Number of Shares		Amount
Treasury shares at the beginning of period		5,368	$	(76,794	)		5,127	$	(74,405	)
Treasury shares purchased		-		-			241		(2,389	)
Treasury shares at the end of period		5,368	$	(76,794	)		5,368	$	(76,794	)

For the three and nine months ended December 31, 2023, the Company did not repurchase any shares of its common stock.