7. Stock Purchase Program
On February 22, 2010, the Board of Directors approved a stock purchase program providing for the purchase by the
Company of up to $10 million of the Company’s common stock. During the thirty-nine weeks ended September 30, 2012, the Company purchased 759,000 shares of common stock, at an average price of $11.75, in accordance with this stock purchase
program. No shares were purchased during the thirteen weeks ended September 30, 2012.
Purchases under the Company’s
stock purchase programs may be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. As of September 30, 2012, there is $1.0 million remaining for future stock repurchases under the
Company’s stock purchase program.