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Note 12 - Stockholders' Equity
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Equity [Text Block]

12.

STOCKHOLDERS’ EQUITY:

 

Share Repurchase Program

 

On November 2, 2023, the Company announced its authorization of a share repurchase program of up to $30 million of its outstanding common stock. The program does not commit to any particular timing or quantity of purchases, and the program may be suspended or discontinued at any time. Under the program, shares may be purchased in open market, including through plans adopted pursuant to Rule 10b5‑1 of the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions administered by its broker, D.A. Davidson Companies. As of the date of this filing, the Company’s share repurchase transactions have only been conducted under the Rule 10b5‑1 trading plan it executed in November 2023, which designated up to $10 million for daily share repurchases with volumes that fluctuated with changes in the trading price of its common stock. The Company’s Rule 10b5‑1 trading plan was terminated in December 2024.

 

During the years ended December 31, 2024 and 2023, the Company repurchased approximately 145,000 shares and 29,000 shares, respectively, of the Company’s common stock for an aggregate amount of $4.3 million and $0.8 million, respectively. There were no share repurchases authorized during the year ended December 31, 2022. As of December 31, 2024, $24.9 million of the share repurchase authorization remained available for repurchases under this program.