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Note 10 - Treasury Stock
3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Treasury Stock [Text Block]
10.
TREASURY STOCK
 
Treasury stock is recorded at cost and is presented as a reduction of stockholders’ equity in the condensed consolidated financial statements.
 
Share Repurchase Program.
On
July 1, 2015,
the Company’s board of directors (the “Board”) authorized up to
$250
million of share repurchases (subject to a total cap of
600,000
shares of common stock). Purchases under the share repurchase program
may
be made from time to time on the open market and in privately negotiated transactions. The size and timing of these purchases are based on a number of factors, including share price and business and market conditions. Since the inception of the share repurchase program through
March 31, 2018,
the Company had repurchased
169,144
shares at an aggregate cost of
$75.6
million. During the
three
months ended
March 31, 2018,
the Company repurchased
3,311
shares at an aggregate cost of
$2.3
million.
 
Tax Withholding
for Equity Awards
.
Shares of common stock with a fair market value equal to the applicable statutory minimum amount of the employee withholding taxes due are withheld by the Company upon vesting of restricted stock and exercises of stock appreciation rights (“SARs”) to pay the applicable statutory minimum amount of employee withholding taxes and are considered common stock repurchases. The Company then pays the applicable statutory minimum amount of withholding taxes in cash. The amount remitted during the
three
months ended
March 31, 2018
was
$7.2
million, for which the Company withheld
9,767
shares of common stock. Treasury shares of
155,458
held at
March 31, 2018
include such shares withheld for withholding tax.