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Repurchase of Common Stock
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9 Months Ended |
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Mar. 31, 2012
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| Repurchase of Common Stock [Abstract] | |
| Treasury Stock [Text Block] |
Repurchase of Common Stock
On August 17, 2011, our Board of Directors approved a $5 million increase in our Stock Repurchase Program, bringing the total amount authorized to $20.0 million. During the three months ended March 31, 2012, we did not purchase any shares of our common stock. During the nine months ended March 31, 2012, we purchased 142,704 shares of our common stock for a total cost of $2.3 million. Since the inception of the Stock Repurchase Program, we have purchased 1,344,231 shares of our common stock for an aggregate of $13.9 million. All purchases were made at the discretion of our management and pursuant to the safe harbor provisions of SEC Rule 10b-18. As of March 31, 2012, $6.1 million remained available for future purchases under our Stock Repurchase Program, which does not have an expiration date.
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