Note 12 - Shareholders' Equity

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

Repurchase of Common Stock

A summary of our authorized share repurchase plans is as follows:

($ in thousands, except share and per share amounts)	2021		2020
Maximum authorized share repurchase amount (1)	$	7,500	$	7,500
Date of plan's authorization by the Board	March 2021		February 2020
Funding source	Working capital		Working capital
Number of shares repurchased under the plan (shares)		-		129,095
Amount paid for shares repurchased		-	$	2,938
Weighted average price paid per share		-	$	22.76
Remaining amount of shares authorized to be purchased under the plan (in dollars)	$	7,500	$	4,562

⁽¹⁾ Common shares can be purchased in the open market or privately negotiated transactions over the next twelve months from the date of plan authorization.

Our shareholder repurchase program terminated on March 4, 2022.

Preferred Shares

The Company has authorized 250,000 shares of voting preferred stock with no par value. No shares are issued or outstanding. Also, the Company has authorized 250,000 shares of non-voting preferred stock with no par value. Of these, 125,000 shares have been designated Series A non-voting convertible preferred stock with a stated value of $.06 per share, of which no shares are issued or outstanding at December 31, 2021 and 2020, respectively.