filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes from the risk factors previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 as filed with the Securities and Exchange Commission on February 26, 2024.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
In 2011, our Board of Directors approved a continuation of the current stock repurchase program, authorizing repurchases for a total of $150 million with no time limitation. This repurchase authority included, and was not in addition to, any unspent amounts remaining under the prior authorization.
The following table provides information regarding our Class A nonvoting common stock share repurchases during the quarter ending March 31, 2024:
| (dollars in thousands, except per share data) | ||||||||||||||||||||||||||
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced program | Dollar value of shares that may yet be purchased under the program | ||||||||||||||||||||||
| January 1-31, 2024 | — | $ | — | — | $ | 17,754 | ||||||||||||||||||||
| February 1-29, 2024 | — | — | — | 17,754 | ||||||||||||||||||||||
| March 1-31, 2024 (1) | 1,238 | 405.57 | — | 17,754 | ||||||||||||||||||||||
| Total | 1,238 | 405.57 | — | |||||||||||||||||||||||
*(1)*Represents shares purchased on the open market to fund the rabbi trust for the outside director deferred stock compensation plan.
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