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Stock Repurchases

12 Months Ended

Dec. 31, 2011

Treasury Stock [Abstract]

Stock Repurchases

12. Stock Repurchases

In the third quarter of 2010 and the first quarter of 2011 the Company repurchased shares of its common stock. Details of these purchases are as follows:

Period		Total Number of Shares Purchased				Average Price Paid per Share				Total Number of Shares Purchased as Part of Publicly Announced Program				Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program
8/3/10-8/31/10			339,000			$	14.08				339,000
9/1/10-9/22/10			73,000			$	12.92				73,000
1/4/11-1/29/11			133,400			$	14.94				133,400
Total			545,400			$	14.15				545,400			$	8,000,000

In 2009, the Company repurchased 2,400 shares of its common stock, representing 0.1% of the then outstanding shares, in the open market at an average price of $6.03 per share.

All of these purchases were made with cash held by the Company and no debt was incurred.

At December 31, 2011, $8.0 million remained authorized for share repurchases.

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The entire disclosure for an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation.

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