Share Repurchase

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Share Repurchase

On October 30, 2015, the Board of Directors authorized the repurchase of up to $5,000,000 of the Company’s common stock on or before October 30, 2017. The plan allows the repurchases to be made in open market or privately negotiated transactions. The plan does not obligate the Company to repurchase any particular number of shares, and may be suspended at any time at the Company’s discretion. During the three months ended March 31, 2017, there was no share repurchase activity. As of March 31, 2017, the approximate dollar value of shares that may yet be purchased by the Company under the plan was $4,676,000.