XML 20 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 2 - Share Repurchase Program
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
Note
2
– Share Repurchase Program
 
On
October 31, 2018,
the Company’s Board of Directors approved a share repurchase program (the “Share Repurchase Program”) which became effective on
November 1, 2018,
under which the Company is authorized to purchase up to
2.5
million shares of its outstanding common stock over a period
not
to exceed
twelve
months.
 
Under the Share Repurchase Program, shares
may
be purchased in open market transactions, including through block purchases, through privately negotiated transactions, or pursuant to any trading plan that
may
be adopted in accordance with Rule
10b5
-
1
of the Securities Exchange Act of
1934.
The timing, manner, price and amount of any repurchase will be determined at the Company’s discretion and the Share Repurchase Program
may
be suspended, terminated or modified by the Company’s Board of Directors at any time for any reason and does
not
obligate the Company to purchase any specific number of shares. Under the Program, all purchases will be made in accordance with Securities Exchange Act Rule
10b
-
18,
which sets certain restrictions on the method, timing, price and volume of open market stock repurchases.
 
In
2018,
we repurchased a total of
105,674
shares of our common stock under the Share Repurchase Program for an aggregate consideration (including fees and commissions) of
$742.
 
Subsequent to
December 31, 2018
and through
February 6, 2019,
we repurchased a total of
267,100
shares of our common stock, bringing the total purchases under the Share Repurchase Program to
372,774
shares for an aggregate consideration of
$2,697.