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Note 10 - Stock Repurchase Program
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Treasury Stock [Text Block]
1
0.
Stock Repurchase Program
 
I
n
August 2015,
the Company’s Board of Directors approved a
$200,000
stock repurchase program, which the Company completed in the
third
quarter of
2016.
In
October 2016,
the Company
’s Board of Directors approved an additional 
$250,000
stock repurchase program. Under the program, the Company
may
repurchase
$250,000
of its common stock over the following
24
months. The Company
may
repurchase its common stock from time to time, in amounts and at prices the Company deems appropriate, subject to market conditions and other considerations. The repurchases
may
be executed using open market purchases, privately negotiated agreements or other transactions. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company’s common stock and general market and economic conditions, applicable legal requirements, and compliance with the terms of the Company’s outstanding indebtedness. The repurchases
may
be funded with cash on hand, available borrowings or proceeds from potential debt or other capital markets sources. The stock repurchase program
may
be suspended or discontinued at any time without prior notice. During the
three
months ended
June 30, 2017,
the Company repurchased
844,500
shares of its common stock for
$30,012.
Since the inception of both programs, the Company has repurchased
8,116,706
shares of its common stock for
$279,891,
all funded with cash on hand.