Stockholders' Equity

9 Months Ended

Jun. 30, 2011

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 12: Stockholders’ Equity

For the nine months ended June 30, 2011, the Company declared dividends of $878,000, or $.02 per share. Of this amount $585,000 was paid during the nine months ended June 30, 2011 and $293,000 was accrued as of June 30, 2011 and paid August 1, 2011. As of June 30, 2011, stockholders’ equity includes an amount for accumulated other comprehensive income of $105,000, which relates to the Company’s investment in a company domiciled in South America.

On June 22, 2011, the Company announced that its Board of Directors had authorized a share repurchase program for up to $20,000,000 of the Company’s common stock. The program calls for the repurchases to be made in open market or privately negotiated transactions from time to time in compliance with applicable laws, rules, and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended, subject to cash requirements and other purposes, and other relevant factors, such as trading price, trading volume and general market and business conditions. All of the repurchases will be funded by the Company’s available working capital and the duration of the repurchase program is 12 months, although it may be extended, suspended or discontinued without prior notice. There is no guarantee as to the exact number of shares that will be repurchased by the Company.