Stock Repurchase Program

12 Months Ended

Dec. 31, 2016

Text Block [Abstract]

Stock Repurchase Program

11. Stock Repurchase Program

The Company maintains a stock repurchase program approved by the Board of Directors, which authorizes the repurchase of shares from time to time in open market purchases. The repurchase program currently allows for the repurchase of approximately 1.1 million additional shares as of December 31, 2016.

No share repurchases were made under the repurchase program during 2016 and 2015.