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SHARE REPURCHASES
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
SHARE REPURCHASES SHARE REPURCHASES
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.
There were no share purchases during the first quarter of 2023 and 2022. As of March 31, 2023, there was approximately $38.7 million of the authorization remaining for future common stock repurchases under the SRP.