STOCK REPURCHASE PLANS

9 Months Ended

Sep. 30, 2017

STOCK REPURCHASE PLANS

6. STOCK REPURCHASE PLANS

The Company recognizes the cost of repurchasing common stock acquired for purposes other than retirement (formal or constructive), as a reduction from the total of capital stock, additional paid-in capital, and retained earnings. The Company has recorded the cost of repurchasing common stock, as a reduction from capital stock.