Quarterly report [Sections 13 or 15(d)]

Note 15 - Stockholders' Equity

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Note 15 - Stockholders' Equity
 3 Months Ended
Feb. 28, 2025
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. No repurchases were made during the three months ended February 28, 2025. As of February 28, 2025, 0.3 million shares of common stock have been repurchased for $3.8 million.