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Common Stock Repurchase Programs
3 Months Ended
Mar. 31, 2020
Common Stock Repurchase Program [Abstract]  
Common Stock Repurchase Programs

10. Common Stock Repurchase Programs

The Board of Directors previously approved programs for the Company to repurchase shares of its common stock. In August 2019, the Company’s Board of Directors authorized a one-year share repurchase program (the “August 2019 Program”) for the Company to repurchase up to $50.0 million of its common stock from August 2019 through August 2020. During the three months ended March 31, 2020, the Company did not repurchase any shares of its common stock. As of March 31, 2020, $50.0 million remained available for repurchases under the August 2019 Program. In March 2020, the Company suspended the August 2019 Program, as a precautionary measure to maximize liquidity and increase available cash on hand during this time of uncertainty.