Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Dividends
We have not paid dividends on our common stock and we do not expect to do so in the foreseeable future. In addition, under the ABL Credit Facility and Term Loan Credit Agreement our subsidiaries are restricted from paying dividends or making other equity distributions, subject to certain exceptions.
Repurchases
The following table sets forth certain information with respect to repurchases of our common stock during the quarter ended June 30, 2024:
Period Total number of shares (or units) purchased (1) Average price paid per share (or unit) Total number of shares (or units) purchased as part of publicly announced plans or programs (1) Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs (1)
April 1 - April 30, 2024 1,195,904 $ 33.12 1,194,858 $ 109,841,692
May 1 - May 31, 2024 376,616 28.95 340,097 100,050,526
June 1 - June 30, 2024 682,191 25.02 673,860 83,209,563
Total 2,254,711 $ 29.97 2,208,815
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(1) On November 10, 2021, the Board authorized and approved a share repurchase program for up to $50 million of shares of the Company’s common stock, with no specified end date. On August 2, 2023, the Board expanded the Company’s share repurchase program from $50 million to $250 million. Shares repurchased that were not associated with the share repurchase program were surrendered by employees to pay taxes withheld upon the vesting of restricted stock awards.
Item 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
Item 4. MINE SAFETY DISCLOSURE
Not applicable.
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