XML 23 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Stock Repurchases
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Stock Repurchases

Note 4 – Stock Repurchases

The Company maintains a treasury stock buyback program pursuant to which the Board of Directors has authorized the repurchase of up to 500,000 shares of the Company’s common stock. As restored by the Board of Directors on October 22, 2019, the program provides that the Company may repurchase up to an aggregate of 500,000 shares of common stock and has no expiration date. The Company repurchased 0 and 46,778 shares during the three-month periods ended June 30, 2020 and 2019 and 128,779 and 154,593 shares for the six-month periods ended June 30, 2020 and 2019, respectively. As of June 30, 2020, 371,221 shares remained available for repurchase under the program. Repurchases may be made in the open market or through negotiated transactions from time to time depending on market conditions. As of March 16, 2020, the Company has temporarily suspended the treasury stock buyback program.