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Note 13 - Stockholders' Equity
 6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
13. Stockholders’ Equity:
 
The following unaudited table summarizes stockholders' equity transactions for the three month period ended June 30, 2016: 
 
 
 
Common stock
 
 
Additional
paid in
 
 
Retained
earnings
 
 
Accumulated
other
comprehensive
 
 
Total
stockholders'
 
 
 
Number
 
 
Amount
 
 
capital
 
 
(deficit)
 
 
income (loss)
 
 
equity
 
                                                 
Balances, March 31, 2016
     10,594,733     $ 14,445,114     $ 6,676,096     $ 8,807,789     $ (225,932 )   $ 29,703,067  
Exercise of stock options
     51,963       137,176       (97,438 )     -       -       39,738  
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
     (14,545 )     -       (205,548 )     -       -       (205,548 )
Repurchase and retirement of shares (note 13)
     (209,698 )     (286,383 )     (4,713,595 )     -       -       (4,999,978 )
Income tax effect related to stock options exercised
     -       -       384,839       -       -       384,839  
Stock-based compensation (note 14)
     -       -       190,187       -       -       190,187  
Net income
     -       -       -       4,070,786       -       4,070,786  
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.
     -       -       -       (12,348 )     -       (12,348 )
Other comprehensive income (loss)
     -       -       -       -       106,631       106,631  
Balances, June 30, 2016
     10,422,453     $ 14,295,907     $ 2,234,541     $ 12,866,227     $ (119,301 )   $ 29,277,374  
 
The following unaudited table summarizes stockholders' equity transactions for the six month period ended June 30, 2016: 
 
 
 
 
Common stock
 
 
Additional
paid in
 
 
Retained
earnings
 
 
Accumulated
other
comprehensive
 
 
Total
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
     63,537       185,913       (126,617 )     -       -       59,296  
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
     (18,267 )     -       (242,233 )     -       -       (242,233 )
Repurchase and retirement of shares (note 13)
     (308,416 )     (420,639 )     (6,759,618 )     -       -       (7,180,257 )
Income tax effect related to stock options exercised
     -       -       446,199       -       -       446,199  
Stock-based compensation (note 14)
     -       -       390,415       -       -       390,415  
Net income
     -       -       -       8,509,024       -       8,509,024  
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.
     -       -       -       (24,646 )     -       (24,646 )
Other comprehensive income (loss)
     -       -       -       -       990,151       990,151  
Balances, June 30, 2016
     10,422,453     $ 14,295,907     $ 2,234,541     $ 12,866,227     $ (119,301 )   $ 29,277,374  
 
On February 9, 2016, the Company announced that its Board of Directors had 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 209,698 and 308,416 shares under this program for the three and six months ended June 30, 2016 for a total of $5.0 million and $7.2 million, respectively.
 
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 six months ended June 30, 2016. The Company repurchased 25,413 and 239,502 shares under this program during the three and six months ended June 30, 2015 for a total of $0.5 million and $4.5 million, respectively.
 
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 six months ended June 30, 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.