STOCK REPURCHASE PROGRAM

3 Months Ended

Mar. 31, 2013

STOCK REPURCHASE PROGRAM [Abstract]

STOCK REPURCHASE PROGRAM

11.       STOCK REPURCHASE PROGRAM

On November 3, 2011, the Company's Board of Directors authorized a $15,000,000 stock repurchase program.  This program became effective immediately and does not have an expiration date.  The timing and terms of the purchases are determined by management based on market conditions and are conducted in accordance with the applicable rules of the Securities and Exchange Commission.  Common stock repurchased under this program will be retired by the Company.  No purchases have been made under this program.