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Treasury Stock
9 Months Ended
Sep. 30, 2012
Treasury Stock [Abstract]  
Treasury Stock

Note 11: Treasury Stock

During the nine months ended September 30, 2012 and 2011, we repurchased 37,267 and 441,071 shares of our common stock at a cost of $0.6 million and $9.5 million, respectively. Repurchased shares are recorded as shares held in treasury at cost. We generally hold these shares for future use as our management and Board of Directors deem appropriate, including compensating our outside directors. During the nine months ended September 30, 2012 and 2011, we issued 30,000 and 22,500 shares, respectively, to outside directors for services performed (see Note 13).

On February 11, 2010, our Board of Directors authorized management to repurchase up to 1,000,000 shares of our issued and outstanding common stock. As of September 30, 2012, we have repurchased 967,357 shares of our common stock under this authorization, leaving 32,643 shares available for repurchase.

On October 26, 2011, our Board of Directors authorized management to repurchase an additional 1,000,000 shares of our issued and outstanding common stock. As of September 30, 2012, we have not repurchased any shares under the Board authorization approved on October 26, 2011.