The Company’s Board of Directors initiated a share repurchase program in February 2010. In October 2016, the Board reauthorized this program with a limit of $25.0 million with no expiration date. As of June 30, 2024, $6.3 million was available for future purchases. Repurchases of shares may be made pursuant to pre-established trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934.

During the three and six months ended June 30, 2024, 91,825 shares were purchased for $4.1 million, or an average price of $44.79 per share, including commissions and excise tax. During the three and six months ended June 30, 2023, no shares were purchased.

The following table summarizes the Company’s purchases of its common stock, par value $0.01 per share, during the three months ended June 30, 2024:


Period	Total Number of Shares Purchased		Average Price Paid per Share (1)		Total Number of Shares Purchased as Part of Publicly Announced Program		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
							(in thousands)
April 1, 2024 to April 30, 2024		40,000	$	46.01		40,000	$	8,601
May 1, 2024 to May 31, 2024		24,487		45.03		24,487		7,498
June 1, 2024 to June 30, 2024		27,338		42.79		27,338		6,328
Total		91,825				91,825

(1) Average price paid per share includes commissions and excise tax.