Share Repurchases

3 Months Ended

Mar. 31, 2015

Share Repurchases

Share Repurchases

7.Share Repurchases. On December 3, 2013, the Board of Directors authorized the repurchase of up to $5,000,000 of the Company’s common stock on or before December 3, 2015. The plan allows the repurchases to be made in open market or privately negotiated transactions. The plan does not obligate the Company to repurchase any particular number of shares, and may be suspended at any time at the Company’s discretion. For the three months ended March 31, 2015, the Company repurchased approximately 31,000 shares at a total cost of approximately $93,000. The Company made no repurchases during the three months ended March 31, 2014.