Note 12 - Treasury Stock Transactions

3 Months Ended

Apr. 01, 2017

Notes to Financial Statements

Treasury Stock [Text Block]

12. Treasury Stock Transactions

On

October

28,

2013,

the Board of Directors authorized a repurchase program to purchase up to

$5.0

million of outstanding shares of common stock at the prevailing market prices, from time to time over the subsequent

12

-month period. On

September

30,

2014,

the Board extended this repurchase program through

October

31,

2015.

On

September

11,

2015,

the Board extended this repurchase program through

December

31,

2016.

On

August

9,

2016,

the Board authorized an additional

$5.0

million to the repurchase program and extended this repurchase program through

December

31,

2017.

During the

thirteen

week periods ended

April

1,

2017

and

April

2,

2016,

the Company purchased

59,312

shares at an average price of

$6.16

per share and

115,318

shares at an average price of

$5.19,

respectively. As of

April

1,

2017,

the Company has

$2.5

million available for future treasury stock purchases.