Note 15 - Stockholders' Equity

6 Months Ended

Jun. 30, 2020

Stockholders' Equity Note Disclosure [Text Block]

15. Stockholders' Equity:

The following table summarizes stockholders' equity transactions for the three-month period ended June 30, 2020 (Dollar amounts in thousands of U.S. dollars):

													*Accumulated*
							*Additional*						*other*			*Total*
	*Common stock*						*paid in*			*Retained*			*comprehensive*			*stockholders'*
	*Number*			*Amount*			*capital*			*earnings*			*income (loss)*			*equity*

Balances, March 31, 2020		10,562,774			18,751			-			77,323			(718	)		95,356

Exercise of stock options		16,922			120			(91	)		-			-			29
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration		(5,836	)		-			(165	)		-			-			(165	)
Repurchase and retirement of shares		(3,500	)		(6	)		-			(158	)		-			(164	)
Stock-based compensation		-			-			847			-			-			847
Net income		-			-			-			157			-			157
Other comprehensive income (loss)		-			-			-			-			1,314			1,314
Balances, June 30, 2020		10,570,360		$	18,865		$	591		$	77,322		$	596		$	97,374

The following table summarizes stockholders' equity transactions for the six-month period ended June 30, 2020 (Dollar amounts in thousands of U.S. dollars):

													*Accumulated*
							*Additional*						*other*		*Total*
	*Common stock*						*paid in*			*Retained*			*comprehensive*		*stockholders'*
	*Number*			*Amount*			*capital*			*earnings*			*income (loss)*		*equity*

Balances, December 31, 2019		10,585,159			16,633			880			76,208			473		94,194

Exercise of stock options		41,935			356			(310	)		-			-		46
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration		(18,870	)		-			(347	)		-			-		(347	)
Acquisition of Cedar Holdings Group		32,374			2,000			-			-			-		2,000
Repurchase and retirement of shares		(70,238	)		(124	)		(1,280	)		(1,877	)		-		(3,281	)
Stock-based compensation		-			-			1,648			-			-		1,648
Net income		-			-			-			2,991			-		2,991
Other comprehensive income (loss)		-			-			-			-			123		123
Balances, June 30, 2020		10,570,360		$	18,865		$	591		$	77,322		$	596	$	97,374

2020 Stock Buyback Program

On February 12, 2020, the Company announced that its Board had approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. The $40 million buyback program commenced on February 13, 2020 and is expected to terminate on February 12, 2021. For the three months ended June 30, 2020, the Company repurchased 3,500 shares under this program for total consideration of $0.2 million. For the six months ended June 30, 2020, the Company repurchased 70,238 shares under this program for total consideration of $3.3 million.

2019 Stock Buyback Program

On February 13, 2019, the Company announced that its Board had approved a stock buyback program to repurchase up to $40 million of its common stock in the open market. The $40 million buyback program commenced on February 14, 2019 and terminated on February 13, 2020. During the three and six months ended June 30, 2019, as well as the six months ended June 30, 2020, 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 six months ended June 30, 2019, the Company did not repurchase any shares under this program.