Note 7 - Stockholders' Equity

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

7.

STOCKHOLDERS’ EQUITY

Our amended and restated articles of incorporation provide that our authorized capital stock will consist of

450,000,000

shares of common stock, par value

$0.01

per share, and

50,000,000

shares of preferred stock, par value

$0.01

per share. As of

March 31, 2020,

we have

35,587,851

shares of common stock and

zero

shares of preferred stock outstanding.

Common Stock

Voting Rights.

The holders of our common stock are entitled to

one

vote per share on all matters submitted for action by the stockholders, and do

not

have cumulative voting rights with respect to the election of our directors. 

Dividend and Distribution Rights

All shares of our common stock are entitled to share equally in any dividends and distributions our board of directors

may

declare from legally available sources, subject to the terms of any outstanding preferred stock.

Share repurchase program

During

2019,

the board of directors approved a share repurchase program that will permit the Company to repurchase up to

$50.0

million of the Company’s shares of common stock through

August 11, 2021.