Retirement Of Treasury Stock

6 Months Ended

Jun. 30, 2011

Retirement Of Treasury Stock

Retirement Of Treasury Stock

Note 8 – Retirement of treasury stock:

During the first quarter of 2011, we retired 398,068 shares of our treasury stock and allocated its aggregate $796,000 cost to common stock at par value and additional-paid-in-capital. In addition, certain of these shares had previously been held by one of our subsidiaries prior to their cancellation, and we incurred an income tax charge of $456,000 (also allocated to additional paid-in capital) when such shares were transferred to Keystone immediately prior to their cancellation.