Share Repurchase Plan

6 Months Ended

Jun. 30, 2013

14.	Share Repurchase Plan

On March 21, 2011, the Board of Directors authorized the purchase of up to $3.0 million of the Company’s common stock in accordance with the safe harbor provisions of Rule 10b-18 of the Securities Exchange Act of 1934. During the three and six months ended June 30, 2013, the Company repurchased 216,399 and 217,499 shares, respectively, at an aggregate cost of $366,000 and $368,000, respectively. During the three and six months ended June 30, 2012 the Company repurchased 0 and 162,387 shares at an aggregate cost of $0 and $303,000, respectively.