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Note 14 - Stockholders' Equity
 3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
1
4
. Stockholders’ Equity:
 
The following unaudited table summarizes stockholders' equity transactions for the three-month period ended March 31, 2016: 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additional
 
 
Retained
 
 
other
 
 
Total
 
 
 
Common stock
 
 
paid in
 
 
earnings
 
 
comprehensive
 
 
stockholders'
 
 
 
Number
 
 
Amount
 
 
capital
 
 
(deficit)
 
 
income (loss)
 
 
equity
 
                                                 
Balances, December 31, 2015
     10,685,599     $ 14,530,633     $ 8,526,395     $ 4,381,849     $ (1,109,452 )   $ 26,329,425  
Exercise of stock options
     11,574       48,737       (29,179 )     -       -       19,558  
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
     (3,722 )     -       (36,685 )     -       -       (36,685 )
Repurchase and retirement of shares (note 14)
     (98,718 )     (134,256 )     (2,046,023 )      -        -       (2,180,279 )
Income tax effect related to stock options exercised
     -       -       61,360       -       -       61,360  
Stock-based compensation (note 15)
     -       -       200,228       -       -       200,228  
Net income
     -       -       -       4,438,238       -       4,438,238  
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.
     -       -       -       (12,298 )     -       (12,298 )
Other comprehensive income (loss)
     -       -       -       -       883,520       883,520  
Balances, March 31, 2016
     10,594,733     $ 14,445,114     $ 6,676,096     $ 8,807,789     $ (225,932 )   $ 29,703,067  
 
 
 
 
On February 9, 2016, the Company announced that its Board of Directors has approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. Purchases will be made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on February 10, 2016 and will terminate on or before February 9, 2017. The Company repurchased 98,718 shares under this program for the three months ended March 31, 2016 for a total of $2.2 million.
 
On February 11, 2015, the Company announced that its Board of Directors had approved a stock buyback program to repurchase up to $20 million of its common stock in the open market. Purchases were made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on February 16, 2015 and was terminated on February 9, 2016. The Company did not repurchase any shares under this program during the three months ended March 31, 2016. The Company repurchased 214,089 shares under this program during the three months ended March 31, 2015 for a total of $4.1 million.
 
On January 7, 2015, the Company announced that it successfully concluded the Tender Offer that was previously announced on December 8, 2014. Under the terms of the offer, for the three months ended March 31, 2015, the Company repurchased an aggregate of 193,907 shares of its common stock at a purchase price of $18.50 per share, for a total of $3.6 million, excluding transaction costs of approximately $70,000. All shares purchased in the Tender Offer received the same price and all shares repurchased were immediately retired.