Common Stock

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Common Stock

COMMON STOCK

The Company was authorized by its Board of Directors in 1997 to repurchase up to 1,000,000 shares of the Company’s common stock to be funded through working capital and credit facility borrowings. No shares were repurchased in 2012 or 2013. The authorization to repurchase up to 1,000,000 shares remains available less 42,600 shares, previously purchased.

Subsequent to December 31, 2013, the Company declared and paid a dividend of $0.07 per share.