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Note 14 - Stockholders' Equity

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

1

4

. Stockholders’ Equity:

The following table summarizes stockholders' equity transactions for the

three

-month period ended

March 31, 2019 (

Dollar amounts in thousands of U.S. dollars): 

		Common Stock
		Number				Amount				Additional Paid in Capital				Retained earnings (deficit)				Accumulated other comprehensive income (loss)				Total stockholders' equity
Balance on December 31, 2018			10,627,988			$	15,823			$	3,953			$	60,810			$	(810	)		$	79,776
Exercise of Stock options			29,043				365				(294	)			-				-				71
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration			(13,281	)			-				(340	)			-				-				(340	)
Stock-based compensation			-				-				525				-				-				525
Net income			-				-				-				2,799				-				2,799
Other comprehensive income (loss)			-				-				-				-				610				610
Balances, March 31, 2019			10,643,750			$	16,188			$	3,844			$	63,609			$	(200	)		$	83,441

2019

Stock Buyback Program

On

February 13, 

2019,

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 are to be made exclusively through the facilities of the NASDAQ Capital Market. The

$40

million buyback program commenced on

February 14, 2019

and is expected to terminate on

February 13, 2020.

During the

three

months ended

March 31, 2019,

the Company did

not

repurchase any shares under this program.

2018

Stock Buyback Program

On

February 14, 

2018,

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

February 14, 

2018

and terminated on

February 13, 2019. 

During the

three

months ended

March 31, 2019

and the

three

months ended

March 31, 2018,

the Company did

not

repurchase any shares under this program.

2017

Stock Buyback Program

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

March 1, 2017

and terminated on

February 14, 2018. 

During the

three

months ended

March 31, 2018,

the Company did

not

repurchase any shares under this program.

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- References

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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