Note 10 - Stock Repurchase Plans

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Stock Repurchase Plan [Text Block]

( 10 )   STOCK REPURCHASE PLANS

On

July 31, 2019,

our Board of Directors terminated the

2015

Stock Repurchase Plan which had been authorized on

October 27, 2015

and under which we had repurchased a total of

297,020

shares at a cost of

$1,195.

The shares were repurchased between

December 2015

and

January 2017.

All of the repurchased shares were retired.

On

July 31, 2019,

our Board of Directors authorized the repurchase of up to

$3,000

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,

as amended (the “Exchange Act”), or in privately negotiated transactions pursuant to a newly authorized stock repurchase plan (the

“2019

Repurchase Plan”). Repurchases

may

be made under a Rule

10b5

-

1

plan entered into with RW Baird & Co., which would permit shares to be repurchased when we might otherwise be precluded from doing so under insider trading laws and our internal trading windows. The

2019

Repurchase Plan does

not

obligate us to purchase any particular amount of common stock and

may

be suspended or discontinued at any time without prior notice. The

2019

Repurchase Plan is funded using our operating cash flow or available cash. Purchases began on

September 18, 2019

under this plan. During the

nine

months ended

September 30, 2019,

we repurchased

39,158

shares under the

2019

Repurchase Plan at a cost of

$179,

which includes fees paid to our broker of

$1.

All of the repurchased shares were retired.