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Note G - Treasury Stock
3 Months Ended
Mar. 31, 2024
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 July 2023, when the Board of Directors reauthorized 500,000 shares of common stock for repurchase under the initial September 2011 authorization. As of March 31, 2024, there remain 475,066 shares of common stock authorized for repurchase under this plan.

 

The Company accounts for treasury stock using the cost method. As of March 31, 2024, 296,330 shares were held in the treasury at an aggregate cost of approximately $8,736,000.