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Note 12 - Stockholders' Equity

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

1

2

. Stockholders’ Equity:

The fo

llowing unaudited table summarizes stockholders' equity transactions for the

three

month period ended

March

31,

2017:

 

																		Accumulated
										Additional				Retained				other				Total
		Common stock								paid in				earnings				comprehensive				stockholders'
		Number				Amount				capital				(deficit)				income (loss)				equity
Balances, December 31, 2016			10,461,574			$	14,460,500			$	2,857,921			$	20,399,511			$	99,154			$	37,817,086
Exercise of stock options			68,876				322,656				(302,787	)			-				-				19,869
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration			(26,298	)			-				(712,234	)			-				-				(712,234	)
Income tax effect related to stock options exercised			-				-				-				-				-				-
Stock-based compensation (note 14)			-				-				317,820				-				-				317,820
Net income			-				-				-				2,446,491				-				2,446,491
Accretion of redeemable non-controlling interest in Ting Virginia, LLC.			-				-				-				(12,499	)			-				(12,499	)
Other comprehensive income (loss)			-				-				-				-				105,609				105,609
Balances, March 31, 2017			10,504,152			$	14,783,156			$	2,160,720			$	22,833,503			$	204,763			$	39,982,142

On

March

1,

 

2017,

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

March

1,

 

2017

and will terminate on or before

February

28,

2018.

During the

three

months ended

March

31,

2017,

the Company did

not

repurchase any shares under this program.

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 were made exclusively through the facilities of the NASDAQ Capital Market. The stock buyback program commenced on

February

 

10,

 

2016

and terminated on

February

9,

2017.

The Company repurchased

98,718

shares under this program during 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 commen

ced on

February

 

16,

 

2015

and terminated on

February

9,

2016.

The Company did

not

repurchase any shares under this program during the

three

months ended

March

31,

2016.

X

- References

No definition available.

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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