Table:
| Period | Total number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs |
| --- | --- | --- | --- | --- |
| October 1 - October 31, 2019 | 13,425 | $78.21 | 13,425 | $48,950,059 |
| November 1 - November 30, 2019 | 245,454 | 76.95 | 245,454 | 30,062,919 |
| December 1 - December 31, 2019 | 185,973 | 80.95 | 185,973 | 15,008,242 |
| Total | 444,852 |  | 444,852 |  |
Paragraphs:
In the following table, we provide information regarding our common stock repurchases under our publicly-announced share repurchase program for the quarter ended December 31, 2019. All repurchases related to the share repurchase program were made on
the open market.
During the year ended December 31, 2019, we repurchased a total of 1,640,055 shares at an average price per share of $70.65 under our publicly-announced share repurchase program. In January 2020, our Board of Directors authorized the Company to repurchase up to an aggregate of $50 million of the Company’s common stock.
Question:
What is the amount of share repurchase authorised by the board of directors in Janurary 2020?
Answer: $50 million