Share Repurchase Program

In 2008, the Board of Directors authorized a share repurchase program of up to 3,000 shares of the Company’s common stock with no established end date. The program allows for repurchases to be made in the open market or through negotiated transactions from time to time. At September 30, 2014, 2,762 shares remained available for future stock repurchases under this repurchase program. The shares of common stock purchased under the share repurchase program are being retired.

The Company did not repurchase any shares of its common stock during the three and nine month periods ended September 30, 2013. The following table summarizes the Company’s stock repurchases for the three and nine month periods ended September 30, 2014:



	Three Months Ended		Nine Months Ended
	September 30, 2014		September 30, 2014
Shares of common stock repurchased	138		238
Cost of stock repurchased		$1,344		$2,331
Average price paid per share		$9.78		$9.81