STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income for the three ended March 31, 2020 are as follows (in thousands):

	Unrealized Gains & Losses on Available for Sale Securities			Foreign Currency Items		Total
Balance as of December 31, 2019	$	2		$	122	$	124
Amounts reclassified from accumulated other comprehensive income	(2		)	—		(2		)
Balance as of March 31, 2020	$	—		$	122	$	122

Stock Repurchase Program

On November 1, 2007, we announced our Board of Directors (the "Board") authorized the repurchase of up to $50.0 million of our common stock (the “Stock Repurchase Program”). In addition, on October 22, 2014, the Board authorized another $30.0 million under the Stock Repurchase Program. We may repurchase our common stock for cash in the open market in accordance with applicable securities laws. The timing and amount of any stock repurchase will depend on share price, corporate and regulatory requirements, economic and market conditions, and other factors. The stock repurchase authorization has no expiration date, does not require us to repurchase a specific number of shares, and may be modified, suspended, or discontinued at any time.

During the first quarter of 2020, we repurchased approximately 2.0 million shares for approximately $12.0 million at an average cost of $5.95 per share leaving approximately $18.7 million available for repurchase under the Stock Repurchase Program. There were no stock repurchases during the three months ended March 31, 2019.