Note 19 - Subsequent Events

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE

19

- Subsequent Events:

On

January 22, 2019,

the Company entered into a First Amendment to the Amended and Restated Credit Agreement pursuant to which the existing

$85

million term loan was restructured.  The Company used

$20

million borrowed under its existing revolving credit facility to reduce the principal amount to

$65

million.  The maturity date on the loan was extended to

January 22, 2026

and the interest rate was lowered to a variable interest rate of LIBOR plus

0.85%.

  The scheduled amortization for the

$65

million term loan is as follows: 

2019

-

$8.5

million,

2020

through

2025

-

$9.3

million per year; and

2026

-

$0.8

million.  The Company filed the First Amendment to the Amended and Restated Credit Agreement as Exhibit

10.1

to its Current Report on Form

8

-K filed on

January 25, 2019.