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Stockholders' Equity
 6 Months Ended
Jun. 30, 2013
Class of Stock Disclosures [Abstract]  
STOCKHOLDERS' EQUITY
EQUITY
Share Repurchase Program
In May 2012, our Board approved an increase to the share repurchase program authorizing us to purchase an additional $3.0 million of our common stock up to a total of $8.0 million. The repurchases are executed in the open market and through privately negotiated transactions subject to market conditions, normal trading restrictions and other relevant factors. During 2012, we repurchased 686,208 shares of common stock at an aggregate cost of $4.5 million and an average cost per share of $6.60. No repurchases were made in the six months ended June 30, 2013. The repurchased shares are held as treasury stock. Since the beginning of this program, we have spent a total of $5.3 million buying back our common stock under this plan.
Cash Dividends
Our Board declared a quarterly dividend of $0.025 per share, totaling $454,000, which was paid on June 3, 2013 to record holders of our common stock as of May 16, 2013. For the six months ending June 30, 2013, we had paid approximately $906,000 in dividends. We have a dividend reinvestment program so that stockholders may elect to reinvest their dividends into additional shares of our common stock.
Preferred Stock
We have 40,000,000 authorized shares of preferred stock. In 2008, we issued 20,000 shares of mandatorily redeemable convertible preferred stock to a key employee in exchange for certain intellectual property rights. The preferred stock has a liquidation value of $10 per share and was convertible any time prior April 13, 2013 into our common stock on a one-for-one basis. On April 1, 2013, our key employee converted his 20,000 shares of mandatorily redeemable convertible preferred stock into common stock.
Accumulated other comprehensive income
Our components of Accumulated other comprehensive income are as follows:

Accumulated Other Comprehensive Income
Balance at December 31, 2012
$
—

Increase in net unrealized gains associated with available-for-sale securities of the trusts
1,993

Reclassification of net unrealized gain activity attributable to the Deferred preneed funeral and cemetery receipts held in trust and Care trusts’ corpus’
(1,993
)
Balance at June 30, 2013
$
—