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COMMON STOCK REPURCHASE
6 Months Ended
Mar. 31, 2012
COMMON STOCK REPURCHASE  
COMMON STOCK REPURCHASE

11. COMMON STOCK REPURCHASE

 

The Board of Directors of the Company had previously authorized the repurchase of up to 50,000 shares of the Company’s common stock in open market or negotiated transactions.  During Q2 2012, the Company repurchased 17,000 shares of its common stock in a negotiated transaction for $918,000, or $54.00 per share. The share repurchase was funded with cash from operations and the revolving credit facility.  All repurchased shares were recorded in treasury stock at cost.