Our authorized capital stock consists of shares of Common Stock, par value per share, and shares of Preferred Stock, par value per share. The Board of Directors provide for the issuance of all or any shares of Preferred Stock in or more classes or series, and to fix for each such class or series such voting powers, full or limited, or voting powers, and such distinctive designations, preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof, as shall be stated and expressed in the resolution or resolutions adopted by the Board of Directors providing for the issuance of such class or series and as be permitted by the General Corporation Law of the State of Delaware. As of and there were shares of Preferred Stock issued or outstanding.

 

 

On our Board of Directors approved a share repurchase program authorizing us to repurchase up to shares of our common stock, from time to time, either directly or through agents, in the open market at prices and on terms satisfactory to us. After that date, the Board of Directors increased the aggregate authorization under the repurchase program on several separate occasions, the last of which was on when the Board of Directors increased the aggregate authorization to approximately shares. There is expiration date on the repurchase authorization and the amount and timing of future share repurchases, if any, will be determined as market and business conditions warrant.

As of we had a remaining Board authorization to repurchase million shares.

 

During the past fiscal years, we repurchased the following shares of our common stock (trade date basis):

 

For the fiscal years presented above, we funded our purchases of treasury stock with existing cash on hand and cash generated through current period operations. All our common stock repurchases are recorded as treasury stock and result in a reduction of shareholders’ equity.