Note 8 - Shareholders' Equity

3 Months Ended

May 31, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

8

.

SHAREHOLDERS

’

EQUITY

On

January 8, 2015,

the Company announced that its Board of Directors authorized the Company’s purchase, on the open market and in privately negotiated transactions, of up to

1,250,000

shares of its common stock, representing approximately

6%

of the Company’s

20,945,634

total outstanding shares as of the close of business on

January 7, 2015.

This authorization superseded all prior Board of Directors’ authorizations to purchase shares of the Company’s common stock.

On

March 10, 2016,

the Company announced that its Board of Directors authorized the Company’s purchase, on the open market and in privately negotiated transactions, of up to

1,000,000

additional shares of its common stock, in addition to the unused prior authorization to purchase shares of the Company’s common stock announced on

January 8, 2015.

As a result, the Company is authorized to purchase up to a total of

1,394,015

shares of its common stock, representing approximately

6.8%

of the Company’s

20,381,426

total outstanding shares as of the close of business on

July 3, 2020.

The Company purchased

137,397

and

0

shares of its common stock during the

13

weeks ended

May 31, 2020

and

June 2, 2019,

respectively.