Common Stock Repurchases And Dividends

6 Months Ended

Jun. 30, 2012

Common Stock Repurchases And Dividends [Abstract]

Common Stock Repurchases And Dividends

(10)	Common Stock Repurchases and Dividends
	Effective October 2010, the Company's Board of Directors approved the continuation of common stock repurchases under original Board authorizations providing for the repurchase of up to 1,000,000 shares of the Company's common stock. Shares may be purchased at prevailing market prices in the open market or in private transactions, subject to market conditions, share price, trading volume and other factors. The repurchase program may be discontinued at any time. The Company repurchased 99,616 shares of its common stock during the three and six months ended June 30, 2012. The Company did not repurchase any shares during the three and six months ended June 30, 2011. The repurchase program has been funded to date using cash on hand. As of June 30, 2012, the Company had 247,393 shares available for repurchase under the authorizations.
	In addition to shares purchased under the Board authorization, the Company purchases shares of common stock held by employees who wish to tender owned shares to satisfy the exercise price or tax withholding on stock option exercises or vesting of restricted awards. The Company purchased 3,296 shares to satisfy employee withholding liabilities during the three and six months ended June 30, 2012.
	The Company declared and paid dividends of $1.7 million and $3.5 million during the three and six months ended June 30, 2012, respectively. The Company paid dividends of $1.0 million during the three and six months ended June 30, 2011.