XML 46 R18.htm IDEA: XBRL DOCUMENT

Stock Repurchase Program	3 Months Ended
Mar. 31, 2013
Stock Repurchase Program and Other Comprehensive Income [Abstract]
Stock Repurchase Program	12. Stock Repurchase Program In December 2012, the Company’s Board of Directors approved a 2013 stock repurchase program authorizing the repurchase of up to an aggregate of $15 million of its outstanding shares of common stock. The program authorized share repurchases from time-to-time, at the Company’s discretion, on the open market at prevailing market prices or in negotiated transactions off the market. The repurchase program was terminated by the Board of Directors on April 26, 2013. As of March 31, 2013 and December 31, 2012, no shares had been repurchased under the program. In December 2011, the Company’s Board of Directors approved a 2012 stock repurchase program authorizing the repurchase of up to an aggregate of $25.0 million of its outstanding shares of common stock. The program authorized share repurchases from time-to-time, at the Company’s discretion, on the open market at prevailing market prices or in negotiated transactions off the market. The repurchase program expired at the end of 2012. The Company repurchased and retired 2,990 shares for an aggregate cost of $86,000 during the quarter ended March 31, 2012 which reduced capital in excess of par by the excess cost over par value in the Company’s unaudited condensed consolidated balance sheet at March 31, 2012.

Stock Repurchase Program

3 Months Ended

Mar. 31, 2013

Stock Repurchase Program and Other Comprehensive Income [Abstract]

12. Stock Repurchase Program

In December 2012, the Company’s Board of Directors approved a 2013 stock repurchase program authorizing the repurchase of up to an aggregate of $15 million of its outstanding shares of common stock. The program authorized share repurchases from time-to-time, at the Company’s discretion, on the open market at prevailing market prices or in negotiated transactions off the market. The repurchase program was terminated by the Board of Directors on April 26, 2013. As of March 31, 2013 and December 31, 2012, no shares had been repurchased under the program.

In December 2011, the Company’s Board of Directors approved a 2012 stock repurchase program authorizing the repurchase of up to an aggregate of $25.0 million of its outstanding shares of common stock. The program authorized share repurchases from time-to-time, at the Company’s discretion, on the open market at prevailing market prices or in negotiated transactions off the market. The repurchase program expired at the end of 2012. The Company repurchased and retired 2,990 shares for an aggregate cost of $86,000 during the quarter ended March 31, 2012 which reduced capital in excess of par by the excess cost over par value in the Company’s unaudited condensed consolidated balance sheet at March 31, 2012.