Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Our Board of Directors authorized a share repurchase program covering calendar years 2019 and 2020 for up to $50 million of the Company's common stock. This program was announced on December 3, 2019 . As discussed in Note 15 to the financial statements contained elsewhere in this Quarterly Report, this program was suspended at the end of the first quarter of 2020, but not terminated.
The following table summarizes the stock repurchase activity for the three months ended September 30, 2020 and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Program*
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
(in thousands except per share amounts)
July 1, 2020 through July 31, 2020
—
$0.00
—
$
24,756
August 1, 2020 through August 31, 2020
—
$0.00
—
24,756
September 1, 2020 through September 30, 2020
—
$0.00
—
24,756
Total
—
—
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not Applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.