Stock Repurchase Plans

12 Months Ended

Dec. 31, 2022

NOTE 16. Stock Repurchase Plans

In October 2022, the Board authorized the purchase of up to $200 million of our Class A Common Stock pursuant to a share repurchase program (the “2022 Program”). Under the 2022 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. The approved share repurchase program does not obligate us to repurchase any dollar amount or number of shares and the program may be modified, suspended, or discontinued at any time.

We purchased 1,478,665 shares for $118.1 million during 2022, 134,329 shares for $9.1 million during 2021 and 148,242 shares for $8.0 million in 2020. 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 2022. The shares repurchased to satisfy the mandatory tax withholding requirements do not reduce the repurchase authority under our share repurchase program. Shares purchased in connection with the related party transactions are presented as part of publicly announced plan because the transaction was separately approved by our Board of Directors. Refer to Note 17 “Related Party Transactions” for additional information.


							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)
1/1/2022 - 1/31/2022		65,419	$	84.24		-	$	-
2/1/2022 - 2/28/2022		950	$	78.31		-	$	-
3/1/2022 - 3/31/2022		-	$	-		-	$	-
4/1/2022 - 4/30/2022		1,154	$	67.13		-	$	-
5/1/2022 - 5/31/2022		553	$	71.92		-	$	-
6/1/2022 - 6/30/2022		164	$	69.47		-	$	-
7/1/2022 - 7/31/2022		769	$	71.17		-	$	75,002
8/1/2022 - 8/31/2022		835,877	$	82.67		835,849	$	40,667
9/1/2022 - 9/30/2022		539,864	$	75.34		539,769	$	-
10/1/2022 - 10/31/2022		23,905	$	73.20		-	$	200,000
11/1/2022 - 11/30/2022		2,946	$	78.12		-	$	200,000
12/1/2022 - 12/31/2022		7,064	$	78.44		-	$	200,000
Total		1,478,665	$	79.85		1,375,618	$	200,000