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SHARE REPURCHASE PROGRAM
9 Months Ended
Sep. 30, 2014
SHARE REPURCHASE PROGRAM  
SHARE REPURCHASE PROGRAM

23 - SHARE REPURCHASE PROGRAM

 

Since the inception of its share repurchase program through July 9, 2014, the Predecessor Company repurchased and retired 278,300 shares of its common stock for $11,500.  Prior to the termination of the 2007 Credit Facility pursuant to the Plan, the terms of the 2007 Credit Facility required 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 by the Predecessor Company during the period from January 1 to July 9, 2014 and during the nine months ended September 30, 2013.