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SHARE REPURCHASES
6 Months Ended
Jun. 30, 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. As of June 30, 2023, there was approximately $38.7 million of the authorization remaining for future common stock repurchases under the SRP.
Table 13: Share Repurchase Program Activity
For the Three Months EndedFor the Six Months Ended
June 30, 2023June 30, 2022June 30, 2023June 30, 2022
(in thousands, except per share and share data)
Amount paid for shares repurchased (1)
$— $3,002 $— $3,002 
Number of shares repurchased— 360,439 — 360,439 
Average per share price paid (1)
$— $8.33 $— $8.33