XML 57 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events [Text Block]

10. SUBSEQUENT EVENTS:


During October 2012, the Company entered into foreign exchange forward contracts to hedge a portion of its expected Canadian dollar requirements for the 2013 and 2014 fiscal years. These contracts have a notional value of $19.3 million, whereby $19.3 million is converted into Canadian dollars during 2013 and 2014 at an average foreign exchange rate of US$1.00: Cdn$1.0073.


On November 13, 2012, the Company announced its plan to launch a modified Dutch auction tender offer (the “Tender Offer”) to repurchase up to 6,500,000 shares of its common stock, at a price per share not less than $1.35 and not greater than $1.50. The tender offer is expected to commence the week of November 19, 2012 and will remain open for at least 20 business days.