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Note 15 - Stock Repurchase Plan
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Stock Repurchase Plan [Text Block]
(
15
)
 
STOCK REPURCHASE PLAN
 
On
October 27, 2015,
our Board of Directors authorized the repurchase, from time to time, of up to
$5,000
of our common stock 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 trading plans entered into with RW Baird & Co. (each a
"10b5
-
1
Plan"), which permit shares to be repurchased when we might otherwise be precluded from doing so under insider trading laws. 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. The timing, price and amount of any shares repurchased under the
2015
Repurchase Plan is determined by our board and management, based on our evaluation of market conditions and other factors. To date, all purchases have been made in accordance with
10b5
-
1
Plans which provided for purchases to be made so long as the price did
not
exceed a maximum price. Management is considering new parameters for future purchases and
may
enter into a new
10b5
-
1
Plan at some point under those new parameters. As of
December 31, 2018,
all of the Company’s
10b5
-
1
Plans entered into in connection with the
2015
Repurchase Plan had expired.
No
new plans were put in place during
2018.
 
No
shares were repurchased during
2018.
During
2017,
we repurchased
13,883
shares under the
2015
Repurchase Plan. The total cost to repurchase these shares, including fees paid to our broker, was
$62.
As of
December 31, 2018,
we had repurchased a total of
297,020
shares under the
2015
Repurchase Plan at a cost of
$1,195.
All of the repurchased shares were retired.