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Note 12 - Common Stock Repurchase Program
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Treasury Stock [Text Block]

Note 12 - Common Stock Repurchase Program

 

On August 8, 2022, we announced that our Board of Directors had approved a stock repurchase program pursuant to which up to $150 million of outstanding common stock could be repurchased from time to time (the "2023 Repurchase Program"). The duration of the 2023 Repurchase Program is through the end of December 2023. Under the 2023 Repurchase Program during the fourth quarter of fiscal 2022, we repurchased 288,652 shares for $20.0 million, or an average price paid per share of $69.27. All repurchases were open market transactions funded from available working capital. All shares repurchased pursuant to the 2023 Repurchase Program were retired by the end of the fourth quarter of fiscal 2022. As of December 31, 2022, the remaining portion of the amount authorized for the 2023 Repurchase Program is approximately $129.7 million. We repurchased a total of 1,951,934 shares for $110.1 million, or an average price paid per share of $56.42, during fiscal year 2022.