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Note 12 - Commitments and Contingencies
 12 Months Ended
Sep. 30, 2011
Commitments and Contingencies Disclosure [Text Block]
12.  Commitments and Contingencies

Leases

The Company occupies office space under lease agreements expiring at various dates during the next five years. The leases are classified as operating leases and provide for the payment of real estate taxes, insurance, utilities and maintenance.

The Company was obligated under non-cancelable operating leases as follows:

Fiscal year ending September 30:
 
(Amounts in thousands)
 
2012
    991  
2013
    688  
2014
    744  
2015
    232  
2016
    16  
Thereafter
    -  
    $ 2,671  

Occupancy expenses under the operating leases approximated $1.2 million in 2011 and $1.4 million in 2010.

Common Stock Repurchase

On February 8, 2011, the Board of Directors authorized the Company to purchase up to 250 thousand additional shares of the Company’s outstanding common stock at market price. On February 3, 2009, the Board of Directors authorized the Company to purchase up to 350 thousand additional shares of the Company’s outstanding common stock at market price. Pursuant to the aforementioned authorizations and an authorization by our board of directors on November 13, 2007 to purchase 250 thousand shares, the Company repurchased approximately 165 thousand shares of its outstanding common stock during the year ended September 30, 2011. As of September 30, 2011, approximately 229 thousand shares remain authorized to repurchase under its stock repurchase program.