Stock Repurchase Authorization

6 Months Ended

Jun. 30, 2011

Stock Repurchase Authorization [Abstract]

STOCK REPURCHASE AUTHORIZATION

NOTE 7 — STOCK REPURCHASE AUTHORIZATION

On November 10, 2006, the Board of Directors approved a stock repurchase program authorizing the Company to repurchase up to 1,000,000 shares of its common stock through December 31, 2007 on the open market or through privately negotiated transactions at prices determined by the President of the Company. The Company’s Board of Directors has subsequently authorized annual extensions of this stock repurchase program through March 31, 2012 and has authorized the repurchase of up to 2,610,000 shares of its common stock. The Company did not repurchase any shares of its stock in the first six months of 2011 or 2010.