XML 34 R21.htm IDEA: XBRL DOCUMENT
v3.20.2

Note 14 - Stockholders' Equity | 9 Months Ended
--- | ---
Sep. 30, 2020
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] | 14. Stockholders' Equity: The following table summarizes stockholders' equity transactions for the three-month period ended September 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, June 30, 2020 |  |  | 10,570,360 |  |  |  | 18,865 |  |  |  | 591 |  |  |  | 77,322 |  |  |  | 596 |  |  |  | 97,374 |
Exercise of stock options |  |  | 38,102 |  |  |  | 1,124 |  |  |  | (492 | ) |  |  | - |  |  |  | - |  |  |  | 632 |
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration |  |  | (14,948 | ) |  |  | - |  |  |  | (132 | ) |  |  | - |  |  |  | - |  |  |  | (132 | )
Stock-based compensation |  |  | - |  |  |  | - |  |  |  | 1,016 |  |  |  | - |  |  |  | - |  |  |  | 1,016 |
Net income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 716 |  |  |  | - |  |  |  | 716 |
Other comprehensive income (loss) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 775 |  |  |  | 775 |
Balances, September 30, 2020 |  |  | 10,593,514 |  |  | $ | 19,989 |  |  | $ | 983 |  |  | $ | 78,038 |  |  | $ | 1,371 |  |  | $ | 100,381 |
The following table summarizes stockholders' equity transactions for the nine-month period ended September 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 |  |  | 80,037 |  |  |  | 1,480 |  |  |  | (802 | ) |  |  | - |  |  |  | - |  |  |  | 678 |
Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration |  |  | (33,818 | ) |  |  | - |  |  |  | (479 | ) |  |  | - |  |  |  | - |  |  |  | (479 | )
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 |  |  | - |  |  |  | - |  |  |  | 2,664 |  |  |  | - |  |  |  | - |  |  |  | 2,664 |
Net income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,707 |  |  |  | - |  |  |  | 3,707 |
Other comprehensive income (loss) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 898 |  |  |  | 898 |
Balances, September 30, 2020 |  |  | 10,593,514 |  |  | $ | 19,989 |  |  | $ | 983 |  |  | $ | 78,038 |  |  | $ | 1,371 |  |  | $ | 100,381 |
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 September 30, 2020, the Company did not repurchase shares under this program. For the nine months ended September 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 nine months ended September 30, 2019, the Company repurchased 101,816 shares under this program, for a total of $5.0 million. During the nine months ended September 30, 2020, the Company did not repurchase 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 nine months ended September 30, 2019, the Company did not repurchase any shares under this program.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration