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Note G - Treasury Stock
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Treasury Stock [Text Block]

NOTE G: TREASURY STOCK

The Company’s stock repurchase program has been extended and expanded several times, most recently in April 2017, when the Board of Directors reauthorized 500,000 shares of common stock for repurchase under the initial September 2011 authorization. During the nine months ended September 30, 2020, the Company repurchased 49,755 shares of its common stock at an aggregate cost of approximately $1,793,134 under this program.

 

The Company accounts for Treasury stock using the cost method. As of September 30, 2020, 5,957,018 shares were held in the treasury at an aggregate cost of approximately $158,630,000.