Stockholder's Equity |
9 Months Ended |
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Sep. 30, 2023 | |
| Stockholder's Equity | |
| Stockholder's Equity |
Note 11 – Stockholder’s Equity Preferred Stock
The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001. There were no shares of preferred stock that were issued or outstanding at September 30, 2023 or December 31, 2022. Common Stock
Stock Purchase Program In September 2022, the Company’s Board of Directors authorized a repurchase program of up to $10.0 million of outstanding common stock. In May 2023, the Company’s Board of Directors authorized an additional $5.0 million to this program. During the quarter ended September 30, 2023, the Company purchased 0.5 million shares for aggregate consideration of $3.5 million. As of September 30, 2023, the Company repurchased 2.2 million shares for $14.8 million under the program. The repurchase program was completed in October 2023 with the repurchase of $0.2 million in shares. |
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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