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Note 19. Repurchase of Common Stock
12 Months Ended
Dec. 31, 2015
Notes  
Note 19. Repurchase of Common Stock

19.  Repurchase of Common Stock

 

In 2010, AMIC initiated a program of repurchasing shares of its common stock.  In 2012, the Board of Directors authorized the repurchase of up to 962,886 shares of AMIC’s common stock, inclusive of prior authorizations, under the 2010 plan.  The Company repurchased 199,784 shares in 2013, which the Company classified as treasury shares.  There were no share repurchases in 2015 and 2014.  At December 31, 2015, there were 500,000 shares still authorized to be repurchased under the plan authorized by the Board of Directors.