Share Repurchase

9 Months Ended

Sep. 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 September 30, 2016, the Company repurchased 232,284 shares at a total cost of approximately $2.4 million, excluding commissions, under this stock repurchase program. As of September 30, 2016, the Company had remaining authority to repurchase shares up to an additional $7.6 million, excluding commissions, under this stock repurchase program prior to its expiration. Through November 2, 2016, the Company repurchased a total of 264,058 shares at a total cost of approximately $2.7 million, excluding commissions, under this stock repurchase program, leaving remaining authority to repurchase shares up to an additional $7.3 million, excluding commissions, under this stock repurchase program prior to its expiration. On November 2, 2016, the Company's Board of Directors approved the termination of the Company's stock repurchase program. (See Note 16, Subsequent Events)