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Note 8 - Treasury Stock
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Treasury Stock [Text Block]
Note
8.
  Treasury Stock
 
During
2012,
the Board of Directors authorized a stock repurchase program whereby the Company could repurchase up to
500,000
shares of its outstanding common stock. During
2013,
the Board of Directors renewed and extended the Company's share repurchase authority to enable it to repurchase up to an aggregate of
1,000,000
shares of common stock. In
2016,
the Board of Directors increased by an additional
500,000
shares the number of shares of the Company's common stock, which
may
be repurchased under its stock repurchase program to an aggregate of
1,500,000
shares. The shares
may
be repurchased from time to time in the open market or through privately negotiated transactions at prices the Company deems appropriate. The program does
not
obligate the Company to acquire any particular amount of common stock and
may
be modified or suspended at any time at the Company's discretion.
 
From
2012
through
December 31, 2020,
the Company repurchased an aggregate of
1,314,694
shares of common stock at an average price of approximately
$4.85
per share, for a total of approximately
$6.4
million in repurchases under the stock repurchase program. During the year ended
December 31, 2020,
4,833
shares were repurchased at an average price of
$4.04
per share. The repurchase of an additional
185,306
shares is presently authorized under the stock repurchase program.