Quarterly report pursuant to Section 13 or 15(d)

Repurchase of Common Stock

v3.22.4
Repurchase of Common Stock
3 Months Ended
Dec. 31, 2022
Repurchase of Common Stock [Abstract]  
Repurchase of Common Stock
Note N—Repurchase of Common Stock
 
As of September 28, 2019,
 
our Board of
 
Directors authorized management to
 
use up to
 
$
60.0
 
million to repurchase stock
 
in open market
 
transactions under our Stock
Repurchase
 
Program. We
 
did
no
t
 
purchase
 
any
 
shares
 
of
 
our
 
common
 
stock
 
during
 
the
 
December
 
2022
 
quarter.
 
Through
 
December
 
2022, we
 
have
 
purchased
3,735,114
 
shares of
 
our common
 
stock for
 
an aggregate
 
of $
56.4
 
million under
 
our Stock
 
Repurchase Program
 
since its
 
inception. All
 
purchases were
 
made at
 
the discretion
of management and pursuant
 
to the safe harbor provisions
 
of SEC Rule 10b-18.
 
As of December 2022, $
3.6
 
million remained available for future
 
purchases under our
Stock Repurchase Program, which does not have an expiration
 
date.