Note 7 - Share Repurchase Program

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Treasury Stock [Text Block]

7

. Share Repurchase Program

In

December

2007,

our Board of Directors approved and we announced a share repurchase program to repurchase up to

one

million shares of our common stock either through purchases on the open market or through private transactions and in accordance with Rule

10b

-

18

of the Exchange Act. In

November

2015,

our Board of Directors approved and we announced an increase in the share repurchase program, providing for the repurchase of up to

$40

million, or approximately

2

million shares, of our common stock. The timing and extent to which we repurchase shares depends on market conditions and other corporate considerations. The repurchase program does not have an expiration date.

We repurchased and retired

455,581

shares of our common stock for

$7.5

million in the

first

quarter of

2016

and did not repurchase any shares in the last

three

quarters of

2016.

In the

fourth

quarter of

2015

we repurchased and retired

941,024

shares of our common stock for

$16.2

million.