Subsequent Events

3 Months Ended

Mar. 31, 2012


	Subsequent Events

Planned Restructuring

As part of a transition in filter packaging technology and due to a change in product mix, the Company plans to restructure its filter related operations during the second quarter of 2012. The Company expects to record a restructuring charge of approximately $12,000 to $14,000, consisting of a charge for excess equipment of approximately $10,000 to $12,000 and a cash charge for the remainder primarily related to severance costs.

Stock Repurchase Program

On May 2, 2012, the Company's Board of Directors approved a stock repurchase program authorizing the purchase, at the discretion of management, of up to $50 million of the Company's outstanding common stock. Common stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions. The timing of open market and privately negotiated purchases will be dependent upon market conditions and other corporate considerations, including price, corporate and regulatory requirements and alternative investment opportunities. The Company expects to use cash from operations to fund the repurchase program, which is authorized through May 2, 2013. Shares of common stock repurchased by the Company through the repurchase program will become authorized but unissued shares.