SHARE REPURCHASES

9 Months Ended

Sep. 30, 2022

On May 24, 2022, the Company announced that the Board of Directors approved a new share repurchase program ("SRP") authorizing the Company to repurchase up to $50.0 million of its common stock. Pursuant to this authorization, the Company may repurchase shares of its common stock on a discretionary basis from time to time through open market purchases. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time. As of September 30, 2022, there was $42.3 million of the remaining authorization for future common stock repurchases under the SRP.


Table 13: Shares Repurchase Activity
	For the Three Months Ended				For the Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021

	(in thousands, except per share and share data)
Amount paid for shares repurchased (1)	$	4,681	$	—	$	7,683	$	—
Number of shares repurchased	498,731		—		859,170		—
Average per share price paid (1)	$	9.38	$	—	$	8.94	$	—

(1)Includes commissions paid for repurchases on the open market.

As of November 4, 2022, the Company has repurchased an additional 106,623 shares of its common stock for $1.0 million since September 30, 2022.