Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(c) Share Repurchases
Period Total Number
of Shares
Purchased Average Price
Paid per Share Total Number
of Shares
Purchased as
Part of Publicly
Announced
Program (1)(2)
Approximate
Dollar Value of
Shares that
May Yet be
Purchased
Under the
Program (1)(2)
July 1 - 31, 2022 29,988 $ 113.35 29,988 $ 6,609,000
August 1 - 31, 2022 51,299 128.68 51,299 50,000,000
September 1 - 30, 2022 20,947 118.25 20,947 47,523,000
Total 102,234 $ 122.04 102,234 $ 47,523,000
For more information regarding our share repurchase programs, refer to Note J to our condensed consolidated financial statements, included in Part I of this Quarterly Report on Form 10-Q.
(1) On October 28, 2021, our board of directors announced and authorized a program to repurchase up to $50.0 million of our common stock. Under the program, purchases could be made from time to time in the open market or in privately negotiated purchases, or both. At the program's expiration, August 26, 2022, less than $0.1 million of unused share repurchase value expired from the program.
(2) On July 26, 2022 (announced July 27, 2022), our board of directors authorized a program to repurchase up to $50.0 million of our common stock. Under the program, purchases may be made from time to time in the open market or in privately negotiated purchases, or both. The new share repurchase program became effective August 26, 2022 and expires on July 26, 2024.
Item 3. Defaults Upon Senior Securities
Not Applicable.
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.