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Purchase of Astrotech Securities
9 Months Ended
Mar. 31, 2012
Purchase of Astrotech Securities [Abstract]  
Purchase of Astrotech Securities

(15) Purchase of Astrotech Securities

Repurchases of Astrotech securities under the Company’s securities repurchase program may be made from time-to-time, in the open market, through block trades or otherwise in accordance with applicable regulations of the Securities and Exchange Commission. Depending on market conditions and other factors, these purchases may be commenced or suspended at any time or from time-to-time without prior notice. Additionally, the timing of such transactions will depend on other corporate strategies and will be at the discretion of the management of the Company.

As of March 31, 2012, we had repurchased 311,660 shares of common stock at a cost of $0.2 million, which represents an average cost of $0.76 per share. Additionally, during fiscal year 2009 the Company repurchased $1.1 million of Senior Convertible Notes payable. As a result, the Company is authorized to repurchase an additional $5.7 million of Astrotech securities.