Stockholders' Equity

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Common Stock

As of March 31, 2017 and December 31, 2016, the Company had 16,787,202 shares and 16,771,000 shares of Common Stock outstanding, respectively.

In May 2016, the Company’s Board of Directors authorized a program that would allow the Company to repurchase up to $25 million of its outstanding Common Stock over the next 12 months (the “2016 Stock Purchase Plan”). The Company also had $25 million repurchase programs in place during the preceding two years that expired in May 2016 (the “2015 Stock Purchase Plan”) and May 2015 (the “2014 Stock Purchase Plan”), respectively. The following table shows shares purchased under the respective stock purchase plans:

	Three Months Ended March 31,
	2017			2016
	Shares	$		Shares	$
2016 Stock Purchase Plan	85,354	$	6.8	—	$	—
2015 Stock Purchase Plan	—	—		93,600	5.2