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Treasury Stock
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Treasury Stock Treasury Stock
From time to time, our Board of Directors authorizes management to repurchase shares of our issued and outstanding common stock. On October 26, 2023, our Board approved a new share repurchase program with an effective date of November 7, 2023. Pursuant to the program, we are authorized to repurchase up to 1,000,000 shares of our common stock. At December 31, 2024, we had 778,362 shares available for repurchase under the program. We may utilize various methods to effect the repurchases under the program, including open market repurchases, negotiated block transactions, accelerated share repurchases or open market solicitations for shares, some or all of which could be effected through Rule 10b5-1 plans.

We also repurchase shares of our issued and outstanding common stock to satisfy income tax withholding obligations relating to the stock-based compensation of our employees and directors and/or the cost of stock option exercises.

Repurchased shares of our common stock were as follows:
Year Ended December 31,
(In thousands)202420232022
Open market shares repurchased121 100 300 
Stock-based compensation related shares repurchased85 65 134 
Total shares repurchased206 165 434 
Cost of open market shares repurchased$1,109 $864 $9,437 
Cost of stock-based compensation related shares repurchased848 915 3,598 
Total cost of shares repurchased$1,957 $1,779 $13,035 
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.