Shareholders' Equity

3 Months Ended

Mar. 31, 2016

Shareholders’ Equity [Abstract]

Shareholder's Equity

4. Shareholders’ Equity

During the three months ended March 31, 2016, the Company repurchased 1,243 shares of common stock under authorized programs, for a total cost of $576,625. The cumulative shares repurchased under authorized programs as of March 31, 2016 were 6,295 for a total cost of $1,760,552. As of March 31, 2016, $139,807 was available to repurchase shares under the current repurchase authorizations. Subsequent to March 31, 2016, the Company repurchased 149 shares of common stock for a total cost of $68,413.  Under the remaining repurchase authorization, shares may be purchased from time to time in open market transactions, subject to market conditions. The shares are being held in treasury stock until such time as they are reissued or retired at the discretion of the Board of Directors.