Stockholders' Equity |
9 Months Ended |
|---|---|
Sep. 30, 2016 | |
| Equity [Abstract] | |
| Stockholders' Equity | STOCKHOLDERS’ EQUITY On November 10, 2006, the Board of Directors approved a stock repurchase program authorizing the Company to repurchase up to an authorized number of shares of its common stock on the open market or through privately negotiated transactions at prices determined by the President of the Company during the term of the program. The Company’s Board of Directors has authorized several increases and annual extensions of this stock repurchase program, and, as of September 30, 2016, 1,132,946 shares remained authorized for repurchase through March 31, 2017. The Company did not repurchase any shares of its stock in the nine months ended September 30, 2016. The Company repurchased 92,804 shares of its stock in the third quarter of 2015, its only purchases last year. Other than net income and the purchase of treasury shares, there was no material change in stockholders’ equity during the nine months ended September 30, 2016 or 2015. |