XML 28 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727
Share Repurchase
 6 Months Ended
Jun. 30, 2015
Share Repurchase  
Share Repurchase

 

7.Share Repurchase. On December 3, 2013, the Board of Directors authorized the repurchase of up to $5,000,000 of the Company’s common stock on or before December 3, 2015. The plan allows the repurchases to be made in open market or privately negotiated transactions. The plan does not obligate the Company to repurchase any particular number of shares, and may be suspended at any time at the Company’s discretion. For the three and six months ended June 30, 2015, the Company repurchased approximately 2,000 and 33,000 shares, respectively, at a total cost of $6,000 and $99,000. For the three and six months ended June 30, 2014, the Company repurchased approximately 147,000 shares, at a total cost of $455,000.