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STOCKHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
Accumulated Other Comprehensive Income
The changes in accumulated other comprehensive income are included in the table below.
 
 
Six Months Ended June 30, 2017
 
 
Unrealized Gains
and Losses on
Short-term Investments
 
Foreign
Currency
Items
 
Total
 
 
(In thousands)
Beginning balance
 
$
(7
)
 
$
122

 
$
115

Other comprehensive income before reclassifications
 
(24
)
 

 
(24
)
Amounts reclassified from accumulated other comprehensive income
 

 

 

Net current period other comprehensive income
 
(24
)
 

 
(24
)
Ending Balance
 
$
(31
)
 
$
122

 
$
91


Stock Repurchase Program
On November 1, 2007, the Company announced its Board of Directors (the "Board")’ authorized the repurchase of up to $50.0 million of the Company’s common stock (“Stock Repurchase Program”). In addition, on October 22, 2014, the Board authorized another $30.0 million under the share repurchase program. The Company may repurchase its common stock for cash in the open market in accordance with applicable securities laws. The timing 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 and six months ended June 30, 2017 and 2016. As of June 30, 2017, the Stock Repurchase Program remains available with approximately $33.7 million that may yet be purchased under the program.