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Stockholders' Equity
6 Months Ended
Jun. 30, 2012
Stockholders' Equity  
Stockholders' Equity

17.       Stockholders’ Equity

 

Stock Repurchase (10b-18 Plan)

 

The Board of Directors of the Company has renewed the Company’s share repurchase program and has authorized up to $25 million in repurchases of Company common stock through the date on which the Company publicly releases its results of operations for fiscal 2012.  Stock purchases by the Company may be made from time to time in the open market or in privately negotiated transactions, if and when management determines to effect purchases and is consistent with applicable legal and regulatory requirements.  All stock repurchases by the Company shall be subject to the requirements of Rule 10b-18 promulgated under the Exchange Act.  Purchases made during the six months ended June 30, 2012, totaled approximately 1.3 million shares of common stock for approximately $1.1 million.

 

Warrants

 

Warrants issued on June 27, 2008 to Mast Credit Opportunities I Master Fund Limited (“Mast”) to purchase 1,000,000 shares of the Company’s common stock, at an exercise price of $3.00 per share, expired on June 27, 2012.