v3.26.1
Share Repurchase Program
6 Months Ended
Jun. 30, 2026
Share Repurchase Program  
Share Repurchase Program

11. Share Repurchase Program

On February 23, 2022, the Board of Directors approved a share repurchase program of up to $50,000 of the Company’s outstanding common shares. The Board of Directors has cumulatively authorized increases to the existing share repurchase program of up to $200,000 of its outstanding common shares. Under the program, the Company may repurchase shares of its common stock for cash in public or private transactions, in the open market or otherwise. The timing of such repurchases and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable regulatory and corporate requirements. The program does not require the Company to repurchase any specific number of shares and it may be modified, suspended or terminated at any time without prior notice.

No share purchases were made by the Company under the program during the three and six months ended June 30, 2026 and 2025. As of June 30, 2026 and December 31, 2025, the Company had purchased 3,478,060 shares at a cost of $175,240.