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COMMON STOCK REPURCHASE | 9 Months Ended
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Jun. 30, 2012
COMMON STOCK REPURCHASE |
COMMON STOCK REPURCHASE |
11. COMMON STOCK REPURCHASE The Board of Directors of the Company had previously authorized the repurchase of up to 50,000 shares of the Company’s common stock in open market or negotiated transactions. During the nine months ended June 2012, the Company repurchased 17,000 shares of its common stock in a negotiated transaction for $918,000, or $54.00 per share. The share repurchase was funded with cash from operations and through our revolving credit facility. All repurchased shares were recorded in treasury stock at cost.

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- Definition The entire disclosure for an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation. + References No definition available. + Details
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