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Common Stock Repurchases
6 Months Ended
Jun. 30, 2012
Common Stock Repurchases
(7) Common Stock Repurchases 

 

For the three months ended June 30, 2012, the Company repurchased 4,652 shares with an aggregate value of $0.01 million associated with the vesting of restricted stock held by an employee. For the six months ended June 30, 2011, the Company repurchased 26,298 shares with an aggregate value of $0.3 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.