XML 44 R30.htm IDEA: XBRL DOCUMENT v3.22.2
Stock Repurchase Program
6 Months Ended
Jun. 30, 2022
Stock Repurchase Program  
Stock Repurchase Program

Note 22 — Stock Repurchase Program

On January 27, 2021, the Company’s Board of Directors approved a stock repurchase program (“2021 Stock Repurchase Plan”) authorizing the Company to repurchase up to 3,500,000 of the Company’s common shares. During the second quarter of 2022, the Company repurchased a total of 300,000 shares at a weighted average price of $79.15 per share pursuant to the 2021 Stock Repurchase Plan. During the six months ended June 30, 2022, the Company repurchased a total of 1,312,038 shares at a weighted average price of $83.99 per share pursuant to the 2021 Stock Repurchase Plan. Life-to-date as of June 30, 2022, the Company has repurchased a total of 3,129,979 shares at a weighted average price of $81.97 per share, leaving 370,021 shares remaining that may be repurchased under the 2021 Stock Repurchase.

On April 27, 2022, the Company’s Board of Directors approved a new stock repurchase program (“2022 Stock Repurchase Program”) authorizing the Company to repurchase up to 3,750,000 of the Company’s common shares along with the remaining authorized shares from the 2021 Stock Repurchase Plan of 370,021. As of June 30, 2022, there is a total of 4,120,021 shares authorized to be repurchased.