Note 12 - Treasury Stock Transactions

9 Months Ended

Sep. 30, 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

thirty-nine

week periods ended

September 30, 2017

and

October 1, 2016,

the Company purchased

59,312

shares at an average price of

$6.16

per share and

357,250

shares at an average price of

$5.54,

respectively. As of

September 30, 2017,

the Company has

$2.5

million available for future treasury stock purchases.