Stockholders' Equity

12 Months Ended

Dec. 31, 2012

Stockholders' Equity [Abstract]

Stockholders' Equity

8. Stockholders' Equity

We are authorized to issue 80.0 million shares of Common Stock, par value $.0013, and 20.0 million shares of preferred stock, par value $.001. The Board of Directors has the authority to issue common and preferred shares, in series, with rights and privileges as determined by the Board of Directors. In December 2012, we completed a public offering of 12,650 shares of common stock, with net proceeds of approximately $23.3 million.

In 2008, our Board of Directors approved a share repurchase program to acquire up to $15.0 million of our outstanding common shares. Purchases may be discontinued at any time. We did not repurchase any common shares during 2012, 2011 and 2010. At December 31, 2012, we had $12.3 million remaining available for purchases under the program. This program was terminated in March 2013.