Note 6 - Stockholders' Equity |
6 Months Ended | ||
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Jun. 30, 2026 | |||
| Notes to Financial Statements | |||
| Equity [Text Block] |
Share Repurchase Program
On October 10, 2023, the Board of Directors of the Company authorized a share repurchase program of up to $30 million of its outstanding common stock. On December 11, 2025, the Board of Directors of the Company authorized a share repurchase program of up to an additional $10 million of its outstanding common stock. These programs do not commit to any particular timing or quantity of purchases, and the programs may be suspended or discontinued at any time. Under the programs, shares may be purchased in the open market, including through plans adopted pursuant to Rule 10b5‑1 of the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions administered by its broker. At this time, the Company has elected to limit its share repurchase transactions to only those transactions made under Rule 10b5‑1 trading plans.
During the three and six months ended June 30, 2026, the Company repurchased approximately 2,000 shares and 35,000 shares, respectively, of the Company’s common stock for an aggregate amount of $0.3 million and $2.5 million, respectively. During the three and six months ended June 30, 2025, the Company repurchased approximately 192,000 shares of the Company’s common stock for an aggregate amount of $7.8 million. All shares reacquired in connection with the Company’s share repurchase programs are retired and treated as authorized and unissued shares. As of June 30, 2026, $13.9 million of the share repurchase authorization remained available for repurchases under these programs.
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