Common Stock Repurchase Plan

12 Months Ended

Dec. 31, 2011

Share repurchase plan [Abstract]

Treasury Stock [Text Block]

Common Stock Repurchase Plan

At December 31, 2011, Fortegra had an active share repurchase plan which allows the Company to purchase up to $10.0 million of the Company's common stock to be purchased from time to time through open market or private transactions. The plan was approved by the Board of Directors in November 2011 and provides for shares to be repurchased for general corporate purposes, which may include serving as a resource for funding potential acquisitions and employee benefit plans. The timing, price and quantity of purchases are at the discretion of Fortegra. The plan may be discontinued or suspended at any time and has no expiration date. For the year ended December 31, 2011, the Company repurchased a total of 471,554 shares of its common stock at a total cost of $2.6 million and an average price of $5.41 per share.

From January 1, 2012 through February 29, 2012, the Company repurchased 127,681 shares of its common stock at a total cost of $0.9 million and an average price of $6.84 per share. All repurchased shares are recorded as treasury stock and are accounted for under the cost method. None of the repurchased shares have been retired.