Annual report pursuant to Section 13 and 15(d)

Share Repurchase Program

Share Repurchase Program
12 Months Ended
Dec. 31, 2019
Share Repurchase Program [Abstract]  
Share Repurchase Program




On February 6, 2018, the Company’s Board of Directors authorized a share repurchase program (the “Share Repurchase Program”), pursuant to which the Company may, from time to time, purchase shares of its Class A Common Stock, for an aggregate repurchase price not to exceed $150.0 million. The Share Repurchase Program expires on February 6, 2021. Share repurchases may be executed through various means, including, without limitation, open market transactions, privately negotiated transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Exchange Act, subject to market conditions, applicable legal requirements and other relevant factors. The Share Repurchase Program does not obligate the Company to acquire any particular amount of shares of Class A Common Stock and the program may be suspended or discontinued at any time.

The following table provides a summary of the Company’s Class A Common Stock repurchase activities during the years ended December 31, 2019 and 2018, respectively:




Year Ended December 31, 2019



Year Ended December 31, 2018


Shares repurchased









Average cost per share









Total cost of shares repurchased (in thousands):