Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
Following is the detail of the issuer purchases made during the quarter ended June 30, 2020:
Total Number of
Approximate Dollar
Shares
Value of Shares that
Purchased as
May Yet Be
Part of Publicly
Purchased Under
Total Number
Announced
the Plans or
of Shares
Average Price
Plans or
Programs (In
Period
Purchased
Paid per Share
Programs
thousands) ( 1)
March 31, 2020
$
26,580
April 1, 2020 - April 30, 2020
—
$
—
—
$
26,580
May 1, 2020 - May 31, 2020
—
$
—
—
$
26,580
June 1, 2020 - June 30, 2020
—
$
—
—
$
26,580
Total
—
—
(1) In November 2001, our Board of Directors (“Board”) authorized a stock repurchase program with the objective of increasing stockholder returns. The Board periodically authorizes additional increases to the program. The most recent Board authorization to purchase additional common stock occurred in February 2017, whereby the Board increased the program allowance by $25.0 million. Since inception of the program through June 30, 2020, the Board has authorized the repurchase of shares up to a total value of $762.3 million, of which we have purchased 46.1 million shares on the open market for $735.8 million. As of June 30, 2020 the remaining amount authorized for repurchases under the program was approximately $26.6 million. The stock repurchase program does not have an expiration date.
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.