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Note 16 - Subsequent Events | 9 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
Subsequent Events [Text Block] | NOTE 16. Subsequent Events Dividends and dividend equivalents. In October 2023, the Board approved a quarterly dividend of $0.025 per share of common stock outstanding which will result in a total of approximately $3.2 million in dividends to be paid on November 22, 2023. In addition, under the terms of the LTIP, the Company will pay a dividend equivalent per share to all vested stock option holders of $335,000 in November 2023 and will accrue a dividend equivalent per share to all unvested stock option holders which is payable upon vesting of up to an additional $2,000, assuming no forfeitures. In addition, the Company will accrue an additional combined $54,000 in dividends on the restricted stock issued to directors, management directors and certain employees that will be payable upon vesting. Senior Credit Facility Agreement. On November 1, 2023, the Company entered into a Credit Agreement with Fifth Third as the administrative agent and as the collateral agent and a number of banks included in the syndicate at differing levels of commitments to establish a senior revolving credit facility that matures on September 30, 2026. See Note 7 above for more details.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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