Note 9 - Share Repurchase Program

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Treasury Stock [Text Block]

Note 9. Share Repurchase Program

The Company’s Board of Directors approved a share repurchase plan effective in November 2013 and expiring in November 2015, authorizing the Company to repurchase its outstanding common stock.

In March 2015, the plan was amended to increase the amount authorized for repurchases from $35.0 million to $75.0 million. The purchases are funded from existing cash balances and/or borrowings, and the repurchased shares are held in treasury and used for general corporate purposes. During the six months ended June 30, 2015, the Company repurchased 213,779 shares totaling $8.0 million under this program. Of the $75.0 million approved for share repurchases, approximately $37.2 million remained available as of June 30, 2015.