XML 33 R22.htm IDEA: XBRL DOCUMENT v3.19.2
Note 15 - Stockholders' Equity
 6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
1
5
. Stockholders’ Equity:
 
The following table summarizes stockholders' equity transactions for the
three
-month period ended
June 30, 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 March 31, 2019
    
10,643,750
     $
16,188
     $
3,844
     $
63,609
     $
(200
 )   $
83,441
  
Exercise of Stock options
    
25,316
      
273
      
(150
 )    
-
      
-
      
123
  
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
    
(5,604
 )    
-
      
(184
 )    
-
      
-
      
(184
 )
Stock-based compensation
    
-
      
-
      
685
      
-
      
-
      
685
  
Net income
    
-
      
-
      
-
      
2,616
      
-
      
2,616
  
Other comprehensive income (loss)
    
-
      
-
      
-
      
-
      
320
      
320
  
Balances, June 30, 2019
    
10,663,462
     $
16,461
     $
4,195
     $
66,225
     $
120
     $
87,001
  
 
 
 
The following table summarizes stockholders' equity transactions for the
six
-month period ended
June 30, 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
    
54,359
      
638
      
(444
 )    
-
      
-
      
194
  
Shares deducted from exercise of stock options for payment of witholding taxes and exercise consideration
    
(18,885
 )    
-
      
(524
 )    
-
      
-
      
(524
 )
Stock-based compensation
    
-
      
-
      
1,210
      
-
      
-
      
1,210
  
Net income
    
-
      
-
      
-
      
5,415
      
-
      
5,415
  
Other comprehensive income (loss)
    
-
      
-
      
-
      
-
      
930
      
930
  
Balances, June 30, 2019
    
10,663,462
     $
16,461
     $
4,195
     $
66,225
     $
120
     $
87,001
  
 
 
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
and
six
months ended
June 30, 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
and
six
months ended
June 30, 2018
and the
six
months ended
June 30, 2019,
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
six
months ended
June 30, 2018,
the Company did
not
repurchase any shares under this program.