SHARE REPURCHASE PROGRAM

In April 2019, the Board of Directors authorized a share repurchase program providing for the repurchase of up to $50.0 million of its common stock. As discussed below, the repurchase program, which commenced in June 2019, was completed in February 2020. Purchases under the program were required to be made from time-to-time in the open market, in privately negotiated transactions, or both, at the Company's discretion and subject to market conditions and other factors. Any repurchased shares are available for use in connection with equity plans or other corporate purposes.

The table below summarizes share repurchase activity during the year ended December 31, 2019 (in thousands, except for per share amounts and number of share amounts):



	Year Ended December 31, 2019
Total number of shares repurchased	3,614,541
Average price paid per share	$	12.52
Total value of shares repurchased	$	45,241

Total authorized repurchase amount for the period presented	$	50,000
Total value of shares repurchased	45,241
Total remaining authorized repurchase amount	$	4,759

As previously mentioned, the Company completed the $50.0 million share repurchase program in February 2020. Also in February 2020, the Company's Board of Directors authorized an additional share repurchase program providing for the repurchase of up to $25.0 million of its common stock. See Note 24, "Subsequent Events" for additional details.

Separately, in August 2019, the Company entered into a Share Repurchase Agreement (the “Share Repurchase Agreement”) with FFL, a related party to the Company. Pursuant to the Share Repurchase Agreement, the Company repurchased 2,000,000 shares of its common stock, par value $0.001 per share, owned by FFL, in a private transaction at a purchase price equal to $13.55 per share of common stock. This transaction occurred outside of the share repurchase program authorized in April 2019.