Share Repurchase

3 Months Ended

Mar. 31, 2020

Stockholders' Equity

Stockholders? Equity

Note 15. Share Repurchase

The Board has approved stock repurchases of up to $50 million of our common stock through the end of 2020. During the three months ended March 31, 2020, we purchased approximately 0.4 million shares at an average cost of $20.92 per share but have suspended the repurchase program while we continue to invest in the business during these difficult times in the midst of COVID-19. The timing and actual number of shares repurchased in 2020 will depend on various factors, including the price of our common stock, general business and market conditions, and alternative investment opportunities or other uses of cash.  

Shares repurchased are accounted for when the transaction is settled. There were no unsettled share repurchases at March 31,  2020.