Share Repurchase

6 Months Ended

Jun. 30, 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. Through June 30, 2016, the Company repurchased 188,905 shares at a total cost of approximately $1.9 million, excluding commissions, under this stock repurchase program. As of June 30, 2016, the Company had remaining authority to repurchase shares up to an additional $8.1 million, excluding commissions, under this stock repurchase program prior to its expiration. Through August 2, 2016, the Company repurchased a total of 198,822 shares at a total cost of approximately $2.0 million, excluding commissions, under this stock repurchase program, leaving remaining authority to repurchase shares up to an additional $8.0 million, excluding commissions, under this stock repurchase program prior to its expiration.