Note 13 - Stock Repurchase Plan

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Stock Repurchase Plan [Text Block]

(13)

  

STOCK REPURCHASE PLAN

On

October

27,

2015,

our Board of Directors authorized the repurchase of up to

$5,000

of our common stock from time to time on the open market, in compliance with Rule

10b

-

18

under the Securities Exchange Act of

1934,

or in privately negotiated transactions (the

"2015

Repurchase Plan"). Repurchases

may

be made under a Rule

10b5

-

1

plan entered into with RW Baird & Co., which permits shares to be repurchased when we might otherwise be precluded from doing so under insider trading laws. The timing and amount of any shares repurchased under the

2015

Repurchase Plan is determined by our management, based on our evaluation of market conditions and other factors. The

2015

Repurchase Plan does not obligate us to repurchase any particular amount of common stock and

may

be suspended or discontinued at any time without prior notice. The

2015

Repurchase Plan is funded using our operating cash flow or available cash.

During

2016

and

2015,

we repurchased

241,805

and

41,332

shares under the

2015

Repurchase Plan, respectively. The total cost to repurchase these shares, including fees paid to our broker, was

$978

and

$155,

respectively. As of

December

31,

2016,

we had repurchased a total of

283,137

shares under the

2015

Repurchase Plan at a cost of

$1,133,

which included fees paid to our broker of

$7.

All of the repurchased shares were retired. The

2015

Repurchase Plan was suspended in

May

2016

and resumed in

September

2016.