Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Share repurchase activity during the three months
ended March 29, 2025 was as follows. These purchases were funded with cash on hand.
Issuer Purchases of Equity Securities
Period
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
First Quarter 2025
January 1 to January 25
28,720
$ 34.44
28,720
January 26 to February 22
—
—
—
February 23 to March 29
50,480
$ 39.62
50,480
Total
79,200
$ 37.74
79,200
$ 37,300,000
All of these purchases were made with cash held by the Company and
no debt was incurred.
The Company was authorized by the Board of Directors to repurchase up to
$100 million of the Company’s common stock under a share repurchase program announced on May 8, 2017. As of March 29, 2025, $62.7
million had been used and approximately $37.3 million remained authorized for share repurchases.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable
30
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