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Common Stock Repurchases
3 Months Ended
Mar. 31, 2012
Common Stock Repurchases
(6)

Common Stock Repurchases 

 

For the three months ended March 31, 2012, the Company repurchased 21,647 shares with an aggregate value of $0.02 million associated with the vesting of restricted stock held by an employee. For the three months ended March 31, 2011, the Company repurchased 20,802 shares with an aggregate value of $0.03 million associated with the vesting of restricted stock held by an employee. Per terms of the restricted stock agreements, the Company paid the employee’s related taxes associated with the employee’s vested stock and decreased the shares held by the employee by a corresponding value, resulting in a share issuance net of taxes to the employee. The value of the shares netted for employee taxes represents treasury stock repurchased.