Stock Repurchase Program

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Stock Repurchase Program

Stock Repurchase Program

In October 2018, the Company's Board of Directors authorized the repurchase of $200,000,000 of the Company's common stock. As of March 31, 2019, the Company repurchased 203,000 shares at a cost of $8,622,000 under this program. There were no shares repurchased in the three-month period ended March 31, 2019. The Company may repurchase shares under this program in future periods depending upon a variety of factors, including, among other things, the impact of dilution from employee stock options, stock price, share availability, and cash requirements.