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STOCK REPURCHASES
3 Months Ended
Mar. 31, 2012
Treasury Stock [Abstract]  
STOCK REPURCHASES

NOTE 8 - STOCK REPURCHASES

 

In 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

1/4/11-1/29/11

133,400

$14.94

133,400

 

Total

133,400

$14.94

133,400

$8,000,000

 

These purchases were made with cash held by the Company and no debt was incurred.

 

During the three months ended March 31, 2012, the Company did not repurchase any shares of its common stock.