Equity

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Equity

(NOTE 13) – Equity:

Under the terms of the Company's New Credit Agreement, entered into November 8, 2012, the Company is permitted to purchase up to an additional $400,000 of its common stock during the term of the Agreement. In November 2012, the Company's Board of Directors authorized management, in its discretion, to purchase up to this dollar amount of common stock. From the commencement of the New Credit Agreement to May 12, 2013, the Company purchased a total of approximately 76,000 of its common shares for total cash consideration of approximately $263,000 for an average price of $3.48 per share.