Note 7 - Capital Stock Activity

3 Months Ended

Jun. 30, 2012

Note 7 - Capital Stock Activity:

Note 7 - Capital Stock Activity

NOTE 7 - Capital Stock Activity

Dividends

No dividends were declared or paid during the three months ended June 30, 2012.

Common Stock Repurchases

In August 2004, the Board of Directors approved a plan to repurchase up to 200,000 shares of the Company’s common stock at prices deemed favorable in the open market or in privately negotiated transactions subject to market conditions, the Company’s financial position and other considerations.  In December 2011, the Board of Directors approved an increase in the amount of shares available to repurchase under the plan from 64,769 shares to 250,000 shares.  This program has no expiration date.  5,966 and 53,692 shares were repurchased in the three and six month periods ending June 30, 2012, respectively.  No shares were repurchased during the three and six month periods ending June 30, 2011.  As of June 30, 2012, 187,934 shares remained authorized for repurchase under the program.