XML 39 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock Repurchase Program
9 Months Ended
Sep. 30, 2013
Stock Repurchase Program [Abstract]  
Stock Repurchase Program
Note 8. Stock Repurchase Program

On February 21, 2013, our Board of Directors approved a stock repurchase program, pursuant to which we may repurchase up to $6.0 million of our outstanding common stock through February 27, 2014. These purchases can be made from time to time in the open market and are funded from our existing cash balances and cash generated from operations. During the nine months ended September 30, 2013, we repurchased approximately 103,000 shares at an average price of $2.79 per share for a total purchase price of $287,000 under the stock repurchase program.

As of September 30, 2013, approximately $5.7 million remained available for future repurchases under this program. See Item 2, Unregistered Sales of Equity Securities and Use of Proceeds in Part II, Other Information, for additional information.