SHARE REPURCHASES

6 Months Ended

Jun. 30, 2020

SHARE REPURCHASES

SHARE REPURCHASES

NOTE 13. SHARE REPURCHASES

In March 2020, the Board approved a $5 million stock repurchase program (the “$5 Million Repurchase Program”). During the six months ended June 30, 2020, the Company repurchased 456,237 shares of its common stock on the open market for a total cost of approximately $5 million, or an average price per share of $11.02. The shares of the Company’s common stock repurchased during the six months ended June 30, 2020 completed the $5 Million Repurchase Program.