XML 63 R20.htm IDEA: XBRL DOCUMENT v3.19.3
Share Repurchase Program
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Share Repurchase Program

12. Share Repurchase Program

In September 2017, the Board of Directors authorized a fifteen-month share repurchase program for up to $100.0 million that commenced in October 2017. The expiration date of this program was subsequently extended to March 31, 2019. In January 2019, the Board of Directors authorized a new two-year share repurchase program for up to $100.0 million that commenced in April 2019. For the nine months ended September 30, 2019, the Company repurchased 43,715 shares of common stock at a cost of $11.4 million. Shares repurchased under each program will be held in treasury for future use.