Note 14 - Stockholders' Equity

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

(

1

4

)

Stockholders' Equity

The Company was authorized to repurchase up to

$5.6

million additional shares of its common stock under the existing board-approved share repurchase program at

September 30, 2020.

The Company suspended its stock repurchase program through

September 30, 2020

and did

not

repurchase any of its common stock in the open market during the

second

or

third

quarters of

2020.

The suspension of the stock repurchase program was done in order to preserve capital while the Company evaluated its capital needs as a result of the stressed economic environment related to the COVID-

19

pandemic. Although, the evaluation of capital needs is an ongoing process, the stock repurchase program is

no

longer suspended. The Company did

not

pay any dividends on its common stock in the

third

quarter of

2020

and

no

dividends are anticipated to be paid in the

fourth

quarter of

2020.