v3.26.1
Note 7 - Stockholders' Equity
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Equity [Text Block]

Note 7 - Stockholders’ Equity

 

Stock Repurchase Plan

In December 2025, our Board of Directors authorized a one-year repurchase plan pursuant to which we can repurchase up to $20 million of our outstanding common stock. The following table summarizes information related to purchases of our common stock during the three months ended March 31, 2026:

 

(in thousands, except per share data)

 

Total shares purchased

  

Average price per share

  

Total number of shares purchased as part of publicly announced plan

  

Approximate dollar value of shares that may yet be purchased under the plan

 

January, 2026

  109  $10.86   146  $18,445 

February, 2026

  27   10.86   173   18,147 

March, 2026

  36   10.71   209   17,767 

Total

  172   10.83         

 

Subsequent to March 31, 2026 and through the filing date of this Quarterly Report on Form 10-Q, we repurchased an additional approximately 54 thousand shares of our common stock for an aggregate cost of approximately $572 thousand under this program. 

 

Dividend

The following common share dividends were paid during 2026 and 2025:

 

Declaration date (total paid in thousands)

 

Dividend per share

  

Total paid

 

March 1, 2025

 $0.06  $842 

June 1, 2025

  0.06   842 

September 1, 2025

  0.06   844 

December 1, 2025

  0.06   844 

March 1, 2026

  0.06   838 

 

Treasury Stock Retirement

During the three months ended March 31, 2026, we retired 48,849 shares of treasury stock that had been repurchased in prior periods. These shares were formally cancelled and are no longer held in treasury.