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Note G - Treasury Stock
6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Treasury Stock [Text Block]

NOTE G: TREASURY STOCK

The Company’s stock repurchase program has been extended and expanded several times, most recently in November 2021, when the Board of Directors reauthorized 500,000 shares of common stock for repurchase under the initial September 2011 authorization. As of June 30, 2023, there remain 186,994 shares of common stock authorized for repurchase under this plan.

 

The Company accounts for treasury stock using the cost method. As of June 30, 2023, 271,396 shares were held in the treasury at an aggregate cost of approximately $8,095,000.