Stockholders' Equity

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive income are included in the table below.

	Nine Months Ended September 30, 2015
	Unrealized Gains and Losses on Available-for Sale Securities		Foreign Currency Items		Total
	(In thousands)
Beginning balance	$	1	$	101	$	102
Other comprehensive income before reclassifications	9		—		9
Amounts reclassified from accumulated other comprehensive income	—		—		—
Net current period other comprehensive income	9		—		9
Ending Balance	$	10	$	101	$	111

Stock Repurchase Program

On November 1, 2007, the Company announced its Board of Directors’ authorized the repurchase of up to $50 million of the Company’s common stock (“Stock Repurchase Program”). In addition, on October 22, 2014, our board of directors authorized another $30 million under the share repurchase program. The Company may repurchase its stock for cash in the open market in accordance with applicable securities laws. The timing of and amount of any stock repurchase will depend on share price, corporate and regulatory requirements, economic and market conditions, and other factors. The stock repurchase authorization has no expiration date, does not require the Company to repurchase a specific number of shares, and may be modified, suspended, or discontinued at any time.

There were no stock repurchases during the three months and nine months ended September 30, 2015. During the three months and nine months ended September 30, 2014, the Company repurchased 534,849 and 1,151,143 shares for $5.0 million and $12.0 million at an average cost of $9.36 and $10.42, respectively, net of transaction costs, through open market repurchases. These amounts are classified as treasury stock on the Company’s condensed consolidated balance sheet. As of September 30, 2015, the program remains available with approximately $34.4 million that may yet be purchased under it.