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Share Repurchase
6 Months Ended
Jun. 30, 2018
Share Repurchase  
Share Repurchase

On April 5, 2018, the Board of Directors authorized the repurchase of up to $3,000,000 of the Company’s common stock on or before March 31, 2020. 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. During the three months ended June 30, 2018, the Company repurchased and retired approximately 103,000 shares, at a total cost of $187,000. As of June 30, 2018, the approximate dollar value of shares that may yet be purchased by the Company under the plan was $2,816,000.