NOTE 14 – PURCHASE OF TREASURY STOCK:

On January 29, 2015, the Company’s Board of Directors authorized a stock repurchase program. Under the stock repurchase program the Company is permitted to repurchase up to $18,000 of its common stock either in the open market or through privately negotiated transactions. Cash on hand has been used to fund all stock repurchases under the program. At September 30, 2015, the Company had purchased 187 shares at a cost of $3,399 under this program.