Share Repurchase Program

9 Months Ended

Jun. 30, 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 June 30, 2013 and 2012 the Company did not repurchase any shares.  During the nine months ended June 30, 2013 the Company did not repurchase any shares and during the nine months ended June 30, 2012 the Company repurchased 150,900 shares of common shares at an average price of $7.21 for cash consideration of approximately $1,089,000. As of June 30, 2013, there remained 1,278,947 shares that may be purchased under the program.