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Note 7 - Changes in Shareholders' Equity
 3 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

Note 7: Changes in Shareholders’ Equity:

 

Changes in shareholders’ equity for the three months ended June 30, 2020 is summarized below (in thousands):

 

   

Additional

         
   

Paid-In

   

Retained

 
   

Capital

   

Earnings

 
                 

Beginning balance at March 31, 2020:

   $ 3,804     $ 126,177  

Share based compensation

     740       -  

Dividends declared

     -       (5,647 )

Net income

     -       7,768  
                 

Ending balance at June 30, 2020:

   $ 4,544     $ 128,298  

 

 

Changes in shareholders’ equity for the three months ended June 30, 2019 is summarized below (in thousands):

 

   

Additional

         
   

Paid-In

   

Retained

 
   

Capital

   

Earnings

 
                 

Beginning balance at March 31, 2019:

   $ 12,478     $ 122,172  

Share based compensation

     635       -  

Dividends declared

     -       (5,518 )

Repurchase and retirement of common stock

     (11,496 )     -  

Net income

     -       5,343  
                 

Ending balance at June 30, 2019:

   $ 1,617     $ 121,997  

 

During the quarter ended June 30, 2019, the Company purchased and retired approximately 613,000 shares of its common stock for approximately $11.5 million. There were no shares of common stock that were purchased or retired in the quarter ended June 30, 2020. At June 30, 2020, the Company had approximately $28.7 million remaining under the Company’s share repurchase plan.