Share Repurchases

6 Months Ended

Jun. 30, 2019

Share Repurchases

Share Repurchases

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 six months ended June 30, 2019, there was no share repurchase activity under the plan. During the six months ended June 30, 2018 the Company repurchased and retired approximately 103,000 shares, at a total cost of $187,000.