Share Repurchase Program

6 Months Ended

Mar. 31, 2013

Share Repurchase Program

Share Repurchase Program

Note J — 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 March 31, 2013 and March 31, 2012 the Company did not repurchase any shares.  During the six months ended March 31, 2013 the Company did not repurchase any shares and during the six months ended March 31, 2012 the Company repurchased 150,900 shares of common shares at an average prices of $7.21 for cash consideration of approximately $1,089,000. As of March 31, 2013, there remained 1,278,947 shares that may be purchased under the program.