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Note 14 - Stockholders' Equity
 6 Months Ended
Jun. 30, 2022
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 (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, 2022

  10,762,581  $29,655  $3,530  $80,450  $1,377  $115,012 
                         

Exercise of stock options

  975   76   (20)  -   -   56 

Stock-based compensation

  5,191   462   974   -   -   1,436 

Net income

  -   -   -   (3,125)  -   (3,125)

Other comprehensive income (loss)

  -   -   -   -   121   121 

Balances, June 30, 2022

  10,768,747  $30,193  $4,484  $77,325  $1,498  $113,500 

 

                  

Accumulated

     
          

Additional

      

other

  

Total

 
  

Common stock

  

paid in

  

Retained

  

comprehensive

  

stockholders'

 
  

Number

  

Amount

  

capital

  

earnings

  

income (loss)

  

equity

 
                         

Balances, December 31, 2021

  10,747,417  $28,515  $2,764  $83,470  $343  $115,092 
                         

Exercise of stock options

  12,567   832   (262)  -   -   570 

Shares deducted from exercise of stock options for payment of withholding taxes and exercise consideration

  (1,860)  -   -   -   -   - 

Repurchase and retirement of shares

  -   -   -   -   -   - 

Stock-based compensation

  10,623   846   1,982   -   -   2,828 

Net income

  -   -   -   (6,145)  -   (6,145)

Other comprehensive income (loss)

  -   -   -   -   1,155   1,155 

Balances, June 30, 2022

  10,768,747  $30,193  $4,484  $77,325  $1,498  $113,500 

 

2022 Stock Buyback Program

 

On  February 10, 2022, the Company announced that its Board 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  February 11, 2022 and is expected to terminate on or before  February 10, 2023. For the three and six months ended June 30, 2022, the Company did not repurchase shares under this program.

 

2021 Stock Buyback Program

 

On  February 9, 2021, the Company announced that its Board 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  February 10, 2021 and was terminated on  February 9, 2022. For the six months ended June 30, 2022 the Company did not repurchase shares under this program. For the three months and six months ended June 30, 2021 the Company did not repurchase shares under this program.

 

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 terminated on  February 12, 2021. For the six months ended  June 30, 2021, the Company did not repurchase shares under this program.