Quarterly report pursuant to Section 13 or 15(d)

Stock Repurchase Program

Stock Repurchase Program
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Stock Repurchase Program

Note 10. Stock Repurchase Program

During the nine months ended September 30, 2022, the Company repurchased 106,992 shares of its common stock at an average price of $28.81 per share for $3.1 million, utilizing the remaining balance available for repurchase under the Company's stock repurchase program. The repurchases were made in open market transactions using cash on hand, and all of the repurchased shares were retired. In November 2022, the board of directors approved a new stock repurchase program for up to $25.0 million of our common stock.