Stock Repurchase Program

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Stock Repurchase Program

Stock Repurchase Program

In November 2012, the Company's Board of Directors authorized the repurchase of up to $25 million of the Company's common stock. Repurchases may be made in the open market or through privately negotiated transactions. During the three months ended March 31, 2015, the Company repurchased 180,190 shares of its outstanding common stock on the open market at a cost of $2.7 million, inclusive of transaction costs, or an average price of $14.71 per share.

As of March 31, 2015, the Company has $12.0 million remaining under its share repurchase program.