Stockholders' Equity

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Stockholders' Equity

(10)        STOCKHOLDERS’ EQUITY`

No changes in the number of preferred shares occurred during the nine months ended September 30, 2014. The changes in the number of common and treasury shares held during the nine months ended September 30, 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		—
Shares issued for preferred stock dividends		—	—	2		—
Treasury stock repurchase		—	—	—		11,029
Treasury stock retirements		—	—	(11,029	)	(11,029	)
Balance as of September 30, 2014		1,000	1,000	390,916		—

Treasury Stock – At September 30, 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 nine months ended September 30, 2014, we purchased and retired 11,029 shares of our common stock for approximately $847 thousand. As of September 30, 2014, 582 shares remained available for repurchase under our repurchase program.

Additional Paid in Capital – Additional paid in capital decreased by approximately $688 thousand during the nine month period ended September 30, 2014 primarily due to the purchase and retirement of our common stock partially offset by BWI stock compensation.