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Note 14 - Share Repurchase Program
3 Months Ended
Feb. 29, 2020
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

Note 14: Share Repurchase Program

 

On April 6, 2017, the Board of Directors authorized a share repurchase program of up to $200,000 of our outstanding common shares. Under the program, we are authorized to repurchase shares for cash on the open market, from time to time, in privately negotiated transactions or block transactions, or through an accelerated repurchase agreement. The timing of such repurchases is dependent on price, market conditions and applicable regulatory requirements. Upon repurchase of the shares, we reduce our common stock for the par value of the shares with the excess being applied against additional paid-in capital. This authorization replaces the September 30, 2010 authorization to repurchase shares.

 

We did not repurchase any shares under this authorization during the three months ended February 29, 2020 and March 2, 2019.