Quarterly report [Sections 13 or 15(d)]

Note 15 - Stockholders' Equity

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Note 15 - Stockholders' Equity
 3 Months Ended
Feb. 28, 2026
Notes to Financial Statements  
Equity [Text Block]

15.

STOCKHOLDERS' EQUITY

 

Stock Buyback Program

On July 31, 2024, the Company's Board of Directors approved a plan to buy back up to $10 million worth of shares of Common Stock (the “Stock Buyback Program”).  The Company's Stock Buyback Plan is intended to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards.  The Stock Buyback Program will expire on the sooner of the two-year anniversary of its initiation or until the Company reaches the aggregate limit of $10 million for the repurchases under the program.  The repurchased shares are recorded as part of treasury stock and are accounted for under the cost method. In the three months ended February 28, 2026, the Company repurchased 58,905 shares of common stock for $1.0 million. No shares were repurchased during the three months ended February 28, 2025. As of February 28, 2026, 0.5 million shares of common stock have been repurchased for $5.8 million.

 

   

Number of Shares

    

Cost of Shares

    

Average Cost per Share

  

Shares purchased - December 2025

     27,388     $ 453,035     $ 16.5  

Shares purchased - January 2026

     31,517       499,996       15.9  

Total

     58,905     $ 953,031     $ 16.2