Common Stock Repurchase Plan

3 Months Ended

Mar. 31, 2014

Common Stock Repurchase Plan [Abstract]

Common Stock Repurchase Plan

Note 7 – Common Stock Repurchase Plan

In January 2002, and reaffirmed by the Company's Board of Directors in June 2013, the Company announced a common stock repurchase plan (the "Repurchase Plan") which allows for the repurchase by the Company of its common stock in the open market.

The Repurchase Plan is conditioned upon favorable business conditions and acceptable prices for the common stock.  Purchases under the Repurchase Plan may be made, from time to time, in the open market, through block trades or otherwise.  Depending on market conditions and other factors, purchases may be commenced or suspended any time or from time to time without prior notice.  Pursuant to the Repurchase Plan the Company repurchased shares of common stock from unaffiliated parties at various dates at market prices at their time of purchase, including broker commissions.

Information relating to the Repurchase Plan is as follows:

(in thousands)	Three Months Ended March 31, 2014
Common shares repurchased to treasury during period		375
Aggregate cost of shares repurchased during period	$	446

(in thousands)	March 31, 2014
Total number of common shares authorized for repurchase	10,000
Total number of common shares repurchased to date	6,163
Total number of shares that may yet be repurchased	3,837