Stock Repurchase Program

6 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Stock Repurchase Program

STOCK REPURCHASE PROGRAM

On November 3, 2014, our Board of Directors approved a stock repurchase program that authorized us to repurchase up to $15.0 million of our outstanding common stock from time to time over a period of 24 months. The repurchase program expires November 3, 2016. Share repurchases will be funded with existing cash balances and repurchased shares will be retired and returned to unissued authorized shares. To date, we have repurchased 133,877 shares at an average price of $14.91 per share for a total of $2.0 million, all of which occurred during the first quarter of 2015. As of June 30, 2015, $13.0 million remains available for future repurchases.