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Note N - Share Repurchase Program
12 Months Ended
Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]  
Treasury Stock [Text Block]

 NOTE N—SHARE REPURCHASE PROGRAM


In 2011, the Company’s Board of Directors approved a share repurchase program, authorizing the Company to repurchase in the aggregate up to $35.0 million of its outstanding common stock. In the third quarter of 2013, the Company’s Board of Directors approved a new share repurchase plan to go into effect in November 2013 and expiring in November 2015, also authorizing us to repurchase in the aggregate up to $35.0 million of our outstanding common stock. Purchases under this program may be made from time to time at prevailing market prices in open market purchases or in privately negotiated transactions pursuant to Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended and in accordance with applicable insider trading and other securities laws and regulations. The purchases will be funded from existing cash balances and/or borrowings, and the repurchased shares will be held in treasury and used for general corporate purposes. The timing and extent to which the Company repurchases its shares will depend upon market conditions and other corporate considerations as may be considered in the Company’s sole discretion.


During the year ended December 31, 2013, the Company repurchased 160,043 shares under this program at an average price of $33.46 per share. Of the $35.0 million approved for share repurchases, approximately $29.6 million remained available as of December 31, 2013.