XML 43 R15.htm IDEA: XBRL DOCUMENT

Share Repurchase Program	9 Months Ended
Sep. 30, 2012
Share Repurchase Program [Abstract]
SHARE REPURCHASE PROGRAM	NOTE 9: SHARE REPURCHASE PROGRAM In January 2012, the Company’s Board of Directors reaffirmed its authorization for the repurchase by the Company of 1,966,700 shares of common stock pursuant to Rule 10b-18 of the Securities Exchange Act of 1934, as amended. During the nine months ended September 30, 2012, the Company repurchased 1,239,222 shares of common stock at an average purchase price of $19.09 per share for an aggregate purchase price of $23,652. During the three months ended September 30, 2012, the Company repurchased 172,480 shares of common stock at an average purchase price of $16.58 per share for an aggregate purchase price of $2,859. The Company did not repurchase any shares of common stock during the nine months ended September 30, 2011. As of September 30, 2012, 727,478 shares of common stock remained available for repurchase under its share repurchase program. The repurchases of common stock are accounted for as treasury stock, and result in a reduction of stockholders’ equity. When treasury shares are reissued, the Company accounts for the reissuance in accordance with FASB ASC No. 505-30, “Treasury Stock” and charges the excess of the repurchase cost over issuance price using the weighted average method to retained earnings. The purchase cost is calculated based on the specific identified method. In the case where the repurchase cost over issuance price using the weighted average method is lower than the issuance price, the Company credits the difference to additional paid-in capital.

Share Repurchase Program

9 Months Ended

Sep. 30, 2012

NOTE 9: SHARE REPURCHASE PROGRAM

In January 2012, the Company’s Board of Directors reaffirmed its authorization for the repurchase by the Company of 1,966,700 shares of common stock pursuant to Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

During the nine months ended September 30, 2012, the Company repurchased 1,239,222 shares of common stock at an average purchase price of $19.09 per share for an aggregate purchase price of $23,652. During the three months ended September 30, 2012, the Company repurchased 172,480 shares of common stock at an average purchase price of $16.58 per share for an aggregate purchase price of $2,859. The Company did not repurchase any shares of common stock during the nine months ended September 30, 2011. As of September 30, 2012, 727,478 shares of common stock remained available for repurchase under its share repurchase program.

The repurchases of common stock are accounted for as treasury stock, and result in a reduction of stockholders’ equity. When treasury shares are reissued, the Company accounts for the reissuance in accordance with FASB ASC No. 505-30, “Treasury Stock” and charges the excess of the repurchase cost over issuance price using the weighted average method to retained earnings. The purchase cost is calculated based on the specific identified method. In the case where the repurchase cost over issuance price using the weighted average method is lower than the issuance price, the Company credits the difference to additional paid-in capital.