Common Stock Repurchase Program

9 Months Ended

Jun. 30, 2011

COMMON STOCK REPURCHASE PROGRAM [Abstract]

Treasury Stock [Text Block]

COMMON STOCK REPURCHASE PROGRAM

On December 3, 2010, the Company announced that its Board of Directors had authorized the repurchase of $15.0 million of its common stock over the next three year period. During the three month period ended June 30, 2011, the Company purchased 667,965 shares of its common stock for approximately $3.7 million at an average cost of $5.59 per share, exclusive of broker fees. During the nine month period ended June 30, 2011, the Company purchased 1.8 million shares of its common stock for approximately $10.0 million at an average cost of $5.48 per share, exclusive of broker fees. At June 30, 2011 approximately $5.0 million remained on the repurchase authorization. The share repurchase program is subject to a 10b5-1 plan, in which purchases may be made from time to time in the open market, subject to certain pricing parameters and the Company's Credit Agreement.