Stockholders' Equity

6 Months Ended

Jun. 30, 2019

Stockholders' Equity Note [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

On May 15, 2019, the Company filed its $500,000 "at the market" equity program with the Securities and Exchange Commission using a shelf registration statement on Form S-3, and entered into separate equity distribution agreements with nine sales agents.

During the three months ended June 30, 2019, the Company sold 930,000 shares of common stock under its "at the market" equity program at an average sales price of $107.61 per share, resulting in net proceeds of $98,796. As of June 30, 2019, the Company had $399,927 available for issuance under the equity distribution agreements.