Stockholders' Equity

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Stockholders' Equity

(10)        STOCKHOLDERS’ EQUITY

No changes in the number of preferred shares occurred during the three months ended March 31, 2014. The changes in the number of common and treasury shares held during the three months ended March 31, 2014 are as follows:

	Number of Shares
Description		Preferred G1	Preferred G2	Common		Treasury
Balance as of December 31, 2013		1,000	1,000	401,943		—
Treasury stock repurchase		—	—	—		3,989
Treasury stock retirements		—	—	(3,989	)	(3,989	)
Balance as of March 31, 2014		1,000	1,000	397,954		—

Treasury Stock – At March 31, 2014 and December 31, 2013, we held no shares of treasury stock. In January 2013, we announced that our Board of Directors authorized the cancellation of our amended September 2005 stock repurchase plan and authorized a new stock repurchase program which allows us to buy back up to 45 thousand shares of our common stock. During the three months ended March 31, 2014, we purchased and retired 3,989 shares of our common stock for approximately $319 thousand. As of March 31, 2014, approximately 8 thousand shares remained available for repurchase under our repurchase program.

Additional Paid in Capital – Additional paid in capital decreased by approximately $266 thousand during the three month period ended March 31, 2014 primarily due to the purchase and retirement of our common stock and BWI stock compensation.