Treasury Stock Transactions

9 Months Ended

Sep. 30, 2012

Treasury Stock Transactions [Abstract]

TREASURY STOCK TRANSACTIONS

(8) TREASURY STOCK TRANSACTIONS

Under a stock repurchase program authorized by the Company’s Board of Directors, the Company repurchased 140,183 shares of the Company’s common stock for $2,650,000 during the six months ended September 30, 2012. There were no repurchases of the Company’s common stock by the Company during the six months ended September 30, 2011. On July 31, 2012, the Company announced that its Board of Directors had authorized the repurchase of up to an additional 500,000 shares of the Company’s common stock. As of September 30, 2012, the Company had 584,607 shares remaining available for repurchase under the Board’s authorization.