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Stock Purchase | 9 Months Ended
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Sep. 30, 2014
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Stock Purchase |
11. | Stock Purchase
During the three-month period ended March 31, 2014, the Company repurchased 61,500 shares of common stock from a former director for a total cost of $1.0 million. The shares were immediately retired. During the three-month period ended September 30, 2013, pursuant to the Board of Directors of the Company approval, the Company purchased 180,000 shares of common stock held by our Chief Executive Officer. The shares were purchased at the then market price of $13.19 for a total transaction value of $2.4 million and the shares were immediately retired.

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