XML 27 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 9 - Stock Repurchase Plan
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Stock Repurchase Plan [Text Block]
(9)
STOCK REPURCHASE PLAN
 
On October 27, 2015, our Board of Directors authorized the repurchase of up to $5,000 of our common stock from time to time on the open market, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, or in privately negotiated transactions (the "2015 Repurchase Plan"). Repurchases may also be made under a Rule 10b5-1 plan entered into with RW Baird & Co., which permits shares to be repurchased when we might otherwise be precluded from doing so under insider trading laws. The timing and amount of any shares repurchased under the 2015 Repurchase Plan is determined by our management, based on our evaluation of market conditions and other factors. The 2015 Repurchase Plan does not obligate us to repurchase any particular amount of common stock and may be suspended or discontinued at any time without prior notice. The 2015 Repurchase Plan is funded using our operating cash flow or available cash.

During the nine months ended September 30, 2016, we repurchased 209,271 shares under this repurchase plan at a cost of $841, which includes fees paid to our broker of $5. As of September 30, 2016, we had repurchased a total of 250,603 shares under this repurchase plan at a cost of $997, which included fees paid to our broker of $6. All of the repurchased shares were retired. The 2015 Repurchase Plan was suspended in May 2016 and resumed in September 2016.