XML 24 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 8 - Stock Repurchase Program
3 Months Ended
Jul. 31, 2017
Notes to Financial Statements  
Treasury Stock [Text Block]
8.
Stock Repurchase Program
 
In
December 2016,
the Board of Directors approved a stock purchase program authorizing the repurchase of up to
$500
of its common stock. The timing and amount of any share repurchases will be determined by Butler National
’s management based on market conditions and other factors. The program is currently authorized through
May 1, 2018.
 
The table below provides information with respect to common stock purchases by the Company through
July 31, 2017.
 
Period
 
Total Number of Shares Purchased
 
 
Average Price Paid per Share
 
 
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
 
 
Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
 
Program authorization 
 
 
 
 
 
$
0.00
 
 
 
 
 
 
$
500
 
Quarter ended January 31, 2017 (a)    
49,920
    $
0.20
     
49,920
    $
490
 
Quarter ended April 30, 2017    
80,426
    $
0.27
     
80,426
    $
468
 
Quarter ended July 31, 2017
 
 
0
 
 
$
0.00
 
 
 
0
 
 
$
468
 
Total
 
 
130,346
 
 
$
0.25
 
 
 
130,346
 
 
 
 
 
 
(a)
49,920
shares of common stock purchased were purchased through a private transaction