Using "Maximum number of repetitions" to terminate a process

Hello,

I have a process with Maximum number of repetitions = 3.

(https://academy.bpmonline.com/documents/technic-bpms/7-14/advanced-process-settings)

However, in testing this process, my process continues to loop through elements at least 5 times (that's when I stopped testing) instead of ending after 3 times. 

Is there another setting I'm missing that I need to use? How do I make my process actually stop after looping through 3 times? 

Thanks!

Megan