Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (1).
Total Number
of Shares
Purchased
Average
Price Paid
Per Share
Total Number of
Shares Purchased As
Part of Publicly
Announced Program
Maximum Dollar
Value of Shares
That May Yet Be
Purchased Under
The Program
$
2,325,293
May 1, 2023 - June 4, 2023
112,893
15.80
112,893
539,017
June 5, 2023 - July 2, 2023
31,683
17.68
31,683
4,978,281
July 3, 2023 - July 30, 2023
101,557
19.68
101,557
2,977,651
Total
246,133
$
17.64
246,133
(1)
On June 6, 2022, our Board of Directors authorized the repurchase of up to $20 million of the Company’s common shares. The authorization does not obligate us to acquire a specific number of shares during any period and does not have an expiration date, but it may be modified, suspended, or discontinued at any time at the discretion of our Board of Directors. Repurchases may be made from time to time in the open market, or through privately negotiated transactions or otherwise, in compliance with applicable laws, rules and regulations, and subject to our cash requirements for other purposes, compliance with the covenants under the loan agreement for our revolving credit facility and other factors we deem relevant. In fiscal 2024 second quarter, our Board of Directors approved an additional $5 million for the repurchase of our common shares, adding to the $20 million authorization it approved in fiscal 2023.
During the first half of fiscal 2024, we used approximately $8.7 million of the authorization to purchase 473,463 of our common shares (at an average price of $18.29 per share), with approximately $3.0 million remaining available for future purchases under the authorization as of the end of the fiscal 2024 second quarter.
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.