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REPURCHASE OF COMPANY SHARES:
12 Months Ended
Sep. 30, 2012
REPURCHASE OF COMPANY SHARES:  
REPURCHASE OF COMPANY SHARES:

 

16. REPURCHASE OF COMPANY SHARES:

The Board of Directors of the Company authorized the repurchase of up to 50,000 shares of the Company's common stock in open market or privately negotiated transactions. During fiscal 2012, the Company repurchased 17,000 shares of its common stock in a privately negotiated transaction for $918,000, or $54.00 per share. The share repurchase was funded with cash from operations and through the Company's revolving credit facility. All repurchased shares were recorded in treasury stock at cost. Subsequent to the fiscal 2012 share repurchase, the Company's Board of Directors reauthorized common stock repurchases up to and totaling 50,000 shares.