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Note 13 - Stock Repurchase Program
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Treasury Stock [Text Block]
13
. Stock Repurchase
Program
 
In
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 a
$250,000
stock repurchase program, which expired in the
fourth
quarter of
2018.
In
September 2018,
the Company’s Board of Directors approved another stock repurchase program, which commenced in
October 2018,
and under which the Company
may
repurchase an additional
$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
March 31, 2018,
the Company repurchased
560,000
shares of its common stock for
$25,656,
funded with cash on hand. There were
no
share repurchases during the
three
months ended
March 31, 2019.
Since the inception of the above noted programs, the Company has repurchased
8,676,706
shares of its common stock for
$305,547,
all funded with cash on hand.