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Treasury Stock
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
TREASURY STOCK
TREASURY STOCK
During the fourth quarter of 2015, the Company’s board of directors authorized the repurchase of up to $20,000 of the Company’s outstanding common stock with no expiration date. The Company’s board of directors also authorized the use of a Rule 10b5-1 plan, which was put into place during the fourth quarter of 2016. The 10b5-1 plan was subsequently terminated during the first quarter of 2017.
As of December 31, 2017 and 2016, a total of $17,558 and $19,049 remained authorized under the stock repurchase program, respectively.
For the years ended December 31, 2017 and 2016, the Company purchased 234 and 152 shares, respectively, of ZAGG Inc common stock. Cash consideration paid for the purchase of ZAGG Inc common stock for the years ended December 31, 2017 and 2016 was $1,492 and $951, respectively, which included commissions paid to brokers of $9 and $6, respectively. For the years ended December 31, 2017 and 2016, the weighted average price per share was $6.35 and $6.27, respectively. The consideration paid has been recorded within stockholders’ equity in the consolidated balance sheet.