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SHARE REPURCHASE PROGRAM
9 Months Ended
Sep. 30, 2012
SHARE REPURCHASE PROGRAM  
SHARE REPURCHASE PROGRAM

21 - SHARE REPURCHASE PROGRAM

 

Since the inception of its share repurchase program through September 30, 2012, the Company has repurchased and retired 278,300 shares of its common stock for $11,500. Currently, the terms of the 2007 Credit Facility require the Company to suspend all share repurchases until the Company can represent that it is in a position to again satisfy the collateral maintenance covenant.  No share repurchases were made during the three and nine months ended September 30, 2012 and 2011.