Note 15 - Stockholders' Equity

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

(1 5 ) Stockholders' Equity

The Company has

two

classes of common shares, Common Stock and Nonvoting Common Stock. Authorized shares of Common Stock were

100,000,000

at

December

31,

2016

and

2015.

Authorized shares of Nonvoting Common Stock were

730,746

at

December

31,

2016

and

2015.

Nonvoting Common Stock with a par value of

$

0.10

has equal rights with Common Stock, with the exception of voting power. Nonvoting Common Stock is convertible, share for share, into Common Stock, subject to any legal requirements applicable to holders restricting the extent to which they

may

own voting stock. As of

December

31,

2016

and

2015,

no

shares of Nonvoting Common Stock were outstanding. The Company has authorized

5,000,000

shares of Series Preferred Stock, par value

$

0.10

,

issuable in series and with rights, powers and preferences as

may

be fixed by the Board of Directors. At

December

31,

2016

and

2015,

there was

no

preferred stock outstanding.

The Company held treasury shares of

1,583,909

and

1,729,727

at

December

31,

2016

and

2015,

respectively, which are primarily used for issuance to employee compensation plans.

At

December

31,

2016,

there were

1,366,025

authorized shares of Common Stock reserved for issuance through equity compensation plans.