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Stockholders' Rights Plan
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12 Months Ended |
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Dec. 31, 2013
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| Stockholders' Rights Plan | |
| Stockholders' Rights Plan | Stockholders' Rights Plan On August 31, 2004, the Company's board of directors approved the adoption of a Stockholder Rights Plan ("Rights Plan") and reserved 100,000 shares of participating, non-redeemable preferred stock for issuance upon exercise of the rights. The number of shares of preferred stock reserved for issuance may be increased by resolution of the board of directors without shareholder approval. The Rights Plan was amended on September 28, 2004. On March 13, 2013, the Company entered into a Second Amendment to Rights Agreement (“Second Amendment), which amended the Rights Plan by accelerating the final expiration date of the rights to March 31, 2013. As a result of the Second Amendment, as of March 31, 2013, the rights were no longer outstanding and exercisable, and the Rights Plan was effectively terminated. |