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Note 13 - Share Repurchase Program
6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Treasury Stock [Text Block]

NOTE 13:    SHARE REPURCHASE PROGRAM

 

During the three and six months ended June 30, 2022, the Company repurchased 136,091 shares of common stock at an average purchase price of $32.75 per share for an aggregate purchase price of $4,457. The Company did not repurchase any shares of common stock during the three and six months ended June 30, 2021. As of June 30, 2022, 361,517 shares of common stock remained available for repurchase pursuant to the Company’s share repurchase program.

 

The repurchases of common stock are accounted for as treasury stock, and result in a reduction of stockholders’ equity. When treasury shares are reissued, the Company accounts for the reissuance in accordance with FASB ASC No. 505-30, “Treasury Stock” and charges the excess of the repurchase cost over issuance price using the weighted average method to retained earnings. The purchase cost is calculated based on the specific identified method. In the case where the repurchase cost over issuance price using the weighted average method is lower than the issuance price, the Company credits the difference to additional paid-in capital.