Share Repurchase Program	9 Months Ended
Sep. 30, 2020
Share Repurchase Program
Share Repurchase Program	11. Share Repurchase Program On August 3, 2007, the Board of Directors approved a share repurchase program of up to $30,000 of the Company’s outstanding common shares. The Board of Directors had cumulatively authorized increases to the existing share repurchase program of up to $150,000 of its outstanding common shares. Under the program, the Company may repurchase shares of its common stock for cash in public or private transactions, in the open market or otherwise. The timing of such repurchases and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable regulatory and corporate requirements. The program does not require the Company to repurchase any specific number of shares and it may be modified, suspended or terminated at any time without prior notice. During the three and nine months ended September 30, 2020, the Company purchased 249,754 and 551,598 shares, respectively, on the open market under the program at a cost of $17,854 and $39,999, respectively. No share purchases were made by the Company under the program during the three and nine months ended September 30, 2019. As of September 30, 2020, the Company has purchased 2,831,168 shares at a cost of $123,834. As of December 31, 2019, the Company had purchased 2,279,570 shares at a cost of $83,835.

Share Repurchase Program

9 Months Ended

Sep. 30, 2020

11. Share Repurchase Program

On August 3, 2007, the Board of Directors approved a share repurchase program of up to $30,000 of the Company’s outstanding common shares. The Board of Directors had cumulatively authorized increases to the existing share repurchase program of up to $150,000 of its outstanding common shares. Under the program, the Company may repurchase shares of its common stock for cash in public or private transactions, in the open market or otherwise. The timing of such repurchases and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable regulatory and corporate requirements. The program does not require the Company to repurchase any specific number of shares and it may be modified, suspended or terminated at any time without prior notice.

During the three and nine months ended September 30, 2020, the Company purchased 249,754 and 551,598 shares, respectively, on the open market under the program at a cost of $17,854 and $39,999, respectively. No share purchases were made by the Company under the program during the three and nine months ended September 30, 2019. As of September 30, 2020, the Company has purchased 2,831,168 shares at a cost of $123,834. As of December 31, 2019, the Company had purchased 2,279,570 shares at a cost of $83,835.