Share Repurchase

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Share Repurchase

Share Repurchase

On March 15, 2016, the Company's Board of Directors approved a repurchase of shares of the Company's common stock in an amount up to $10.0 million under a stock repurchase program that expires on March 10, 2017. During the three months ended March 31, 2016, the Company repurchased 5,713 shares at a total cost of approximately $51 thousand, excluding commission, under this stock repurchase program. As of March 31, 2016, the Company had remaining authority to repurchase shares up to an additional $9.9 million, excluding commission, under this stock repurchase program prior to its expiration. Since April 1, 2016, the Company repurchased 64,510 shares at a total cost of approximately $0.6 million, excluding commission, under this stock repurchase program. Through May 3, 2016, the Company repurchased a total of 70,223 shares at a total cost of approximately $0.7 million, excluding commission, under this stock repurchase program, leaving remaining authority to repurchase shares up to an additional $9.3 million, excluding commission, under this stock repurchase program prior to its expiration.