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Note 7 - Stockholders' Equity
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Equity [Text Block]

Note 7 - Stockholders’ Equity

 

Stock Repurchase Plan

In December 2025, our Board of Directors authorized a one-year repurchase plan pursuant to which we can repurchase up to $20 million of our outstanding common stock. All shares repurchased during the six months ended June 30, 2026 were purchased pursuant to our publicly announced stock repurchase plan. Repurchases may be made from time to time in open market or privately negotiated transactions, subject to market conditions and other factors. The program may be modified, suspended or terminated at any time.

 

The following table summarizes information related to purchases of our common stock during the six months ended June 30, 2026:

 

(in thousands, except per share data)

 

Total shares purchased

  

Average price per share

  

Total number of shares purchased as part of publicly announced plan

  

Approximate dollar value of shares that may yet be purchased under the plan

 

January, 2026

  109  $10.86   109  $18,445 

February, 2026

  27   10.86   27   18,147 

March, 2026

  36   10.71   36   17,767 

April, 2026

  51   10.56   51   17,228 

May, 2026

  3   11.03   3   17,195 

June, 2026

  -   -   -   17,195 

Total

  226   10.77         

 

Dividend

The following common share dividends were paid during 2026 and 2025:

 

Declaration date (total paid in thousands)

 

Dividend per share

  

Total paid

 

March 1, 2025

 $0.06  $842 

June 1, 2025

  0.06   842 

September 1, 2025

  0.06   844 

December 1, 2025

  0.06   844 

March 1, 2026

  0.06   839 

June 1, 2026

  0.06   833 

 

Treasury Stock Retirement

During the six months ended June 30, 2026, we retired 48,849 shares of treasury stock that had been repurchased in prior periods. These shares were formally cancelled and are no longer classified as treasury stock.