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Common Stock
3 Months Ended
Mar. 31, 2012
Common Stock
10.  Common Stock

On September 30, 2011, the Company announced that the Board of Directors authorized a sixth Stock Repurchase Program for the purchase of up to 287,000, or 5%, shares of the Company's common stock outstanding upon the completion of the fifth Stock Repurchase Program. On November 3, 2011, the Company announced that it had completed its fifth Stock Repurchase Program for the purchase of 303,004 shares, at an average price per share of $13.84. During the first quarter of 2012, the Company repurchased 128,589 shares of Company stock, at an average price per share of $14.38. The Company intends to repurchase its shares from time to time at prevailing prices in the open market, in block transactions or in privately negotiated transactions. Repurchases will be made under rule 10b-5(1) repurchase plans. The repurchased shares will be held by the Company as treasury stock and will be available for general corporate purposes. As of March 31, 2012, a total of 154,811 shares were authorized to be repurchased under the current stock repurchase program.