Stock Repurchase Plans

12 Months Ended

Dec. 31, 2021

NOTE 16. Stock Repurchase Plans

On May 23, 2019, our Board of Directors authorized the purchase of up to $100 million of our Class A Common Stock. Under the program, the shares may be repurchased in the open market or in privately negotiated transactions, from time to time subject to market and other conditions. Other than from employee withholdings as described below, we did not purchase any stock under this authorization during the year ended December 31, 2021 and 2020. We purchased 626,320 shares for $25.0 million under this authorization from shareholders on the open market during the year ended December 31, 2019. The approved share repurchase program does not obligate us to repurchase any dollar amount or number of shares and the program may be extended, modified, suspended, or discontinued at any time.

We purchased 134,329 shares for $9.1 million during 2021, 148,242 shares for $8.0 million during 2020 and 98,260 shares for $4.0 million in 2019 related to employee withholding upon vesting of restricted stock. The table below summarizes the number of shares delivered to us by employees to satisfy the mandatory tax withholding requirement upon vesting of restricted stock during 2021:


							Maximum Value of
	Total				Total Number of		Shares that May Yet
	Number of		Average		Shares Purchased as		Be Purchased Under
	Shares		Price Paid		Part of Publicly		the Plan
	Purchased		Per Share		Announced Plan		(in 000’s)
1/1/2021 - 1/31/2021		63,349	$	57.00		-	$	-
2/1/2021 - 2/28/2021		2,630	$	56.29		-	$	-
3/1/2021 - 3/31/2021		-	$	-		-	$	-
4/1/2021 - 4/30/2021		968	$	66.89		-	$	-
5/1/2021 - 5/31/2021		1,144	$	66.50		-	$	-
6/1/2021 - 6/30/2021		1,117	$	65.24		-	$	-
7/1/2021 - 7/31/2021		703	$	65.48		-	$	-
8/1/2021 - 8/31/2021		53	$	67.38		-	$	-
9/1/2021 - 9/30/2021		212	$	69.85		-	$	-
10/1/2021 - 10/31/2021		409	$	77.76		-	$	-
11/1/2021 - 11/30/2021		1,700	$	82.28		-	$	-
12/1/2021 - 12/31/2021		62,044	$	79.18		-	$	-
Total		134,329	$	67.91		-	$	75,002