Stock Repurchase Program

9 Months Ended

Sep. 30, 2015

Equity [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. Repurchases pursuant to the program were as follows:

Quarter Ended	Number of Shares	Repurchased Amount		Average Price Per Share
March 31, 2015	133,877	$	1,995,982	$14.91
September 30, 2015	577,831	9,571,545		16.56
Totals to Date	711,708	$	11,567,527	$16.25

As of September 30, 2015, $3.4 million remains available for future repurchases.