Note 9 - Shareholders' Equity

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

9.

Share

holders’ Equity

Share

Repurchase Program

On

December

 3, 2018,

with the previous authorization expired, our board of directors

approved the extension of the term of the Company's share repurchase program through

April 30, 2019.

During the

three

months ended

March 31, 2019,

the Company repurchased

157,255

 of the Company’s shares, 

at an average price of

$4.23

 p

er share, for an aggregate purchase price of

$0.7

 million on the open market.

 The timing and amount of any future open market share repurchases will be determined by the Company’s management based on its evaluation of market conditions, the relative attractiveness of other capital deployment activities, regulatory considerations and other factors. Any open market share repurchase activities will be conducted in compliance with the safe harbor provisions of Rule

10b

-

18

of the Securities Exchange Act of

1934,

as amended, or in privately negotiated transactions. Repurchases of common shares

may

also be made under an effective Rule

10b5

-

1

plan which permits common shares to be repurchased when the Company

may

otherwise be prohibited from doing so under insider trading laws. This repurchase program

may

be suspended or discontinued at any time.