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TREASURY STOCK
6 Months Ended
Jun. 30, 2018
TREASURY STOCK  
TREASURY STOCK

NOTE 12. TREASURY STOCK

In the first quarter of 2017, the Company announced a $10 million stock repurchase program (the “$10 Million Repurchase Program”) under which approximately $4.6 million of the Company’s common stock had been repurchased as of December 31, 2017.  During the three months ended June 30, 2018, the Company repurchased 36,804 shares of its common stock on the open market for a total cost of approximately $2.2 million, or an average price per share of $59.57. The shares of the Company’s common stock repurchased during the three months ended June 30, 2018 were returned to the Company’s treasury. On July 18, 2018, the Company’s Board of Directors approved an increase of approximately $7.1 million to the stock repurchase program, refreshing the total program to an aggregate of $10 million.