Treasury Stock

From time to time, our Board of Directors authorizes management to repurchase shares of our issued and outstanding common stock on the open market. As of March 31, 2018, we had no shares available for repurchase on the open market under the Board's authorizations. On May 3, 2018, our Board approved a new repurchase plan authorizing the repurchase of up to 100,000 shares on the open market.

Repurchased shares of our common stock were as follows:



	Three Months Ended March 31,
(In thousands)	2018		2017
Shares repurchased	14		185
Cost of shares repurchased	$	615	$	11,389

Repurchased shares are recorded as shares held in treasury at cost. We hold these shares for future use as management and the Board of Directors deem appropriate.