XML 21 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
6. TREASURY STOCK
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
TREASURY STOCK

On May 23, 2016, our Board of Directors authorized a repurchase program (the “Repurchase Program”) under which we may repurchase up to $1,000 of our outstanding stock. The purchases may be made from time to time in the open market, through privately negotiated transactions and Rule 10b5-1 trading plans in accordance with applicable laws, rules and regulations. The Repurchase Program will be funded from cash on hand and cash provided by operating activities. The Repurchase Program was scheduled to expire as of the close of business on March 31, 2017. As of March 31, 2017, we have purchased approximately 658 shares at a total cost of $650 under this Repurchase Program. The average price per share of treasury stock through March 31, 2017 was $0.99. Treasury shares are accounted for using the cost method.

 

On March 29, 2017, our Board of Directors authorized a renewal and extension of the Repurchase Program for an additional $1,000 until March 31, 2018.