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Stock Repurchase Program
12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Stock Repurchase Program

Note 10 - Stock Repurchase Program

The Company maintains a stock repurchase program approved by the Board of Directors, which authorizes the repurchase of shares from time to time in open market purchases. On February 28, 2022, the Board of Directors authorized the repurchase of up to $75.0 million of the Company’s common stock over a two-year period beginning February 28, 2022. The new repurchase program replaces the program approved in August 2019. The Company repurchased 605,937, 237,587 and 144,470 shares at an aggregate purchase price of $47.2 million, $17.3 million, and $8.1 million during 2022, 2021 and 2020, respectively.

In addition, shares of restricted stock units withheld to satisfy tax-withholding obligations from the vesting of restricted stock units were 23,113, 20,308 and 25,922 in 2022, 2021 and 2020, respectively, which are not subject to the current repurchase program. See “Note 5. Revolving Credit Facility and Long-Term Debt” for related restrictions.