Note 10 - Treasury Stock

12 Months Ended

Dec. 31, 2014

Disclosure Text Block Supplement [Abstract]

Treasury Stock [Text Block]

Note 10.  Treasury Stock

During the year ended December 31, 2012, the Board of Directors authorized a stock repurchase program, whereby the Company could repurchase up to 500,000 shares of its outstanding Common Stock. The shares may be repurchased from time-to-time in the open market or through privately negotiated transactions at prices the Company deems appropriate. The program does not obligate the Company to acquire any particular amount of Common Stock and the program may be modified or suspended at any time at the Company’s discretion.  The stock repurchase plan will be funded through the Company’s cash on hand and the Credit Agreement.

During August 2013, the Board of Directors renewed and extended the Company’s share repurchase authority to enable it to repurchase up to an additional 500,000 shares of Common Stock. During the year ended December 31, 2013, the Company repurchased 113,156 shares of Common Stock at an average price of approximately $3.64 per share, for a total of approximately $410,000.

During the year ended December 31, 2014, the Company repurchased 1,113 shares of Common Stock at an average price of approximately $5.34 per share, for a total of approximately $6,000.

In total, the Company has repurchased 602,818 shares of Common Stock at an average price of approximately $2.73 per share, for a total of approximately $1,643,000 under the foregoing stock repurchase program during 2013 and 2014.