Note 18 - Subsequent Events

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

18. SUBSEQUENT EVENTS

On July 15, 2016, the Company announced that its Board of Directors authorized a $0.025 per share cash dividend to shareholders of record at the close of business on August 1, 2016 payable on August 15, 2016.

On July 28, 2016, the Company renewed its line of credit with an unaffiliated bank to May 2017.  The Company also converted $5 million of the outstanding balance on the line of credit to a term note payable with the same terms as its other term notes.  In connection with the renewal of the line and the new term note, the Company also amended its loan agreement with the bank, including certain covenants.  Effective July 28, 2016, the maximum loan to value ratio was changed from 75% to 65%.