TREASURY STOCK	9 Months Ended
Sep. 30, 2017
TREASURY STOCK
TREASURY STOCK	NOTE 11. TREASURY STOCK In the fourth quarter of 2015, the Company announced a $10 million stock repurchase program (the “$10 Million Repurchase Program”). As of March 29, 2017, the $10 Million Repurchase Program had been completed. In the first quarter of 2017, the Company announced a new $10 million stock repurchase program (the “New $10 Million Repurchase Program”) under which approximately $4.5 million of the Company’s common stock had been repurchased as of September 30, 2017. In the aggregate, during the nine months ended September 30, 2017, under both programs, the Company repurchased 134,049 shares of its common stock on the open market for a total cost of approximately $7.1 million, or an average price per share of $53.24, and placed those shares in treasury.

TREASURY STOCK

9 Months Ended

Sep. 30, 2017

NOTE 11. TREASURY STOCK

In the fourth quarter of 2015, the Company announced a $10 million stock repurchase program (the “$10 Million Repurchase Program”). As of March 29, 2017, the $10 Million Repurchase Program had been completed. In the first quarter of 2017, the Company announced a new $10 million stock repurchase program (the “New $10 Million Repurchase Program”) under which approximately $4.5 million of the Company’s common stock had been repurchased as of September 30, 2017. In the aggregate, during the nine months ended September 30, 2017, under both programs, the Company repurchased 134,049 shares of its common stock on the open market for a total cost of approximately $7.1 million, or an average price per share of $53.24, and placed those shares in treasury.