Share Repurchase Program

9 Months Ended

Jun. 30, 2012

Share Repurchase Program

Share Repurchase Program

Note L — Share Repurchase Program

On March 3, 2009, the Company announced its intention to repurchase some of its outstanding common shares pursuant to its previously authorized share repurchase program.  Up to 2,000,000 shares may be repurchased from time to time on the open market, or pursuant to negotiated or block transactions, in accordance with applicable Securities and Exchange Commission regulations.  During the three months ended June 30, 2012, the Company did not repurchase any shares.  During the three months ended June 30, 2011, the Company repurchased 127,751 common shares at an average price of $9.27 per share for cash consideration of $1,184,000.  During the nine months ended June 30, 2012, the Company repurchased 150,900 shares of common stock at an average price of $7.21 per share for cash consideration of $1,089,000.  During the nine months ended June 30, 2011, the Company repurchased 127,751 common shares at an average price of $9.27 per share for cash consideration of $1,184,000.  As of June 30, 2012, there remained 1,278,947 shares that may be purchased under the program.