SHAREHOLDERS' EQUITY AND DIVIDENDS (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Repurchase Agreements

The table below presents the common stock repurchase activity during the periods indicated:

	Shares	Purchase Price		Price per Share
	(in thousands, except for per share amounts)
2022
Repurchase Program (1)	522	$	27,421	$	52.49
Total Repurchases	522	$	27,421	$	52.49
2021
Repurchase Program (1)	1,272	$	41,430	$	32.57
Lender Repurchases (2)	600	$	9,000	$	15.00
Other Repurchases (3)	78	$	1,487	$	19.07
Total Repurchases	1,950	$	51,917	$	26.62

1) In June 2021, the Company's Board of Directors (the Board) authorized repurchasing up to $25.0 million of the Company’s outstanding common stock. The Board subsequently authorized increases to the authorized repurchases up to $50.0 million in October 2021 and then up to $100.0 million in June 2022. The repurchases are made through open market purchases, privately negotiated transactions, or other available means. The Company has no obligation to repurchase any shares under the repurchase program and may suspend or discontinue it at any time without prior notice. As of December 31, 2022, we had repurchased a total of 1,794,392 shares under the repurchase program at an average share price of $38.37 for an aggregate purchase price of $68.9 million.

2) In June 2021, we repurchased our common stock from the Lenders (as defined in Note 9 - Long-Term Debt and Other Long-Term Liabilities) which received these shares as an exit fee during our reorganization.

3) During the year ended December 31, 2021, we repurchased shares in a privately negotiated transaction which was not part of the repurchase program.