Note 8 - Stock Repurchase

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Common Stock Repurchases [Text Block]

8

. STOCK REPURCHASE PROGRAM

S

In

July 2013,

the Board of Directors approved a stock repurchase program (the

“2013

Program”) that authorized the Company to repurchase up to

$100

million in the aggregate of its common stock through

June 30, 2015.

In

April 2015,

the Board of Directors approved an extension of the

2013

Program through

December 31, 2015.

The

2013

Program expired on

December 31, 2015

with a remaining unused balance of

$5.9

million. Shares were retired upon repurchase under the

2013

Program.

In

February 2016,

the Board of Directors approved a stock repurchase program (the

“2016

Program”) that authorized the Company to repurchase up to

$50

million in the aggregate of its common stock through

December 31, 2016.

In

December 2016,

the Board of Directors approved an extension of the

2016

Program through

December 31, 2017.

The

2016

Program expired on

December 31, 2017

with a remaining unused balance of

$50

million.

For the year ended

December 31, 2015,

the Company repurchased a total of

0.6

million shares for

$32.3

million, at an average price of

$50.05

per share

under the

2013

Program. 

No

shares were repurchased for the years ended

December 31, 2017

and

2016.