Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 11, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001013706 | |
Entity Registrant Name | Wilhelmina International, Inc. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 001-36589 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 74-2781950 | |
Entity Address, Address Line One | 5420 LBJ Freeway, Lockbox #25 | |
Entity Address, City or Town | Dallas | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 75240 | |
City Area Code | 214 | |
Local Phone Number | 661-7488 | |
Title of 12(b) Security | Common Stock, $0.01 par value | |
Trading Symbol | WHLM | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 5,157,344 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 6,979 | $ 5,556 |
Accounts receivable, net of allowance for doubtful accounts of $1,672 and $1,635, respectively | 9,036 | 7,146 |
Prepaid expenses and other current assets | 142 | 105 |
Total current assets | 16,157 | 12,807 |
Property and equipment, net of accumulated depreciation of $5,912 and $5,451, respectively | 477 | 928 |
Right of use assets-operating | 446 | 585 |
Right of use assets-finance | 170 | 218 |
Trademarks and trade names with indefinite lives | 8,467 | 8,467 |
Goodwill | 7,547 | 7,547 |
Other assets | 109 | 93 |
TOTAL ASSETS | 33,373 | 30,645 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 3,258 | 2,867 |
Due to models | 7,247 | 6,265 |
Lease liabilities – operating, current | 243 | 435 |
Lease liabilities – finance, current | 56 | 77 |
Term loan – current | 199 | 414 |
Total current liabilities | 11,003 | 10,058 |
Long term liabilities: | ||
Net deferred income tax liability | 1,714 | 1,449 |
Lease liabilities – operating, non-current | 206 | 180 |
Lease liabilities – finance, non-current | 121 | 149 |
Term loan – non-current | 448 | 2,303 |
Total long term liabilities | 2,489 | 4,081 |
Total liabilities | 13,492 | 14,139 |
Shareholders’ equity: | ||
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at June 30, 2021 and December 31, 2020 | 65 | 65 |
Treasury stock, 1,314,694 shares at June 30, 2021 and December 31, 2020, at cost | (6,371) | (6,371) |
Additional paid-in capital | 88,523 | 88,487 |
Accumulated deficit | (62,414) | (65,756) |
Accumulated other comprehensive income | 78 | 81 |
Total shareholders’ equity | 19,881 | 16,506 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 33,373 | $ 30,645 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Accounts receivable, allowance for doubtful accounts | $ 1,672 | $ 1,635 |
Property and equipment, accumulated depreciation | $ 5,912 | $ 5,451 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 9,000,000 | 9,000,000 |
Common stock, shares issued (in shares) | 6,472,038 | 6,472,038 |
Treasury stock, shares (in shares) | 1,314,694 | 1,314,694 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Revenues: | ||||
Revenues | $ 14,510 | $ 4,528 | $ 26,486 | $ 19,080 |
Model costs | 10,412 | 3,397 | 19,051 | 14,003 |
Revenues, net of model costs | 4,098 | 1,131 | 7,435 | 5,077 |
Operating expenses: | ||||
Salaries and service costs | 2,057 | 2,788 | 3,928 | 5,915 |
Office and general expenses | 709 | 947 | 1,564 | 2,002 |
Amortization and depreciation | 243 | 298 | 509 | 592 |
Goodwill impairment | 0 | 0 | 0 | 800 |
Corporate overhead | 198 | 238 | 443 | 547 |
Total operating expenses | 3,207 | 4,271 | 6,444 | 9,856 |
Operating income (loss) | 891 | (3,140) | 991 | (4,779) |
Other (income) expense: | ||||
Foreign exchange loss (gain) | 20 | 14 | 88 | (51) |
Gain on forgiveness of loan | (129) | 0 | (1,994) | 0 |
Employee retention credit | (436) | 0 | (862) | 0 |
Interest expense | 13 | 23 | 42 | 50 |
Total other (income) expense, net | (532) | 37 | (2,726) | (1) |
Income (loss) before (provision for) benefit from income taxes | 1,423 | (3,177) | 3,717 | (4,778) |
Current | (74) | 75 | (110) | 16 |
Deferred | (228) | 402 | (265) | (598) |
(Provision for) benefit from income taxes, net | (302) | 477 | (375) | (582) |
Net income (loss) | 1,121 | (2,700) | 3,342 | (5,360) |
Other comprehensive income (loss): | ||||
Foreign currency translation adjustment | 16 | (5) | (3) | (239) |
Total comprehensive income (loss) | $ 1,137 | $ (2,705) | $ 3,339 | $ (5,599) |
Basic net income (loss) per common share (in dollars per share) | $ 0.22 | $ (0.52) | $ 0.65 | $ (1.04) |
Diluted net income (loss) per common share (in dollars per share) | $ 0.22 | $ (0.52) | $ 0.65 | $ (1.04) |
Weighted average common shares outstanding-basic (in shares) | 5,157 | 5,157 | 5,157 | 5,159 |
Weighted average common shares outstanding-diluted (in shares) | 5,157 | 5,157 | 5,157 | 5,159 |
Service [Member] | ||||
Revenues: | ||||
Revenues | $ 14,502 | $ 4,523 | $ 26,468 | $ 19,070 |
License Fees and Other [Member] | ||||
Revenues: | ||||
Revenues | $ 8 | $ 5 | $ 18 | $ 10 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances (in shares) at Dec. 31, 2019 | 6,472 | (1,310) | ||||
Balances at Dec. 31, 2019 | $ 65 | $ (6,352) | $ 88,471 | $ (60,815) | $ 2 | $ 21,371 |
Share based payment expense | 0 | 0 | 6 | 0 | 0 | 6 |
Net loss to common shareholders | $ 0 | $ 0 | 0 | (2,660) | 0 | (2,660) |
Purchases of treasury stock (in shares) | 0 | (5) | ||||
Purchases of treasury stock | $ 0 | $ (19) | 0 | 0 | 0 | (19) |
Foreign currency translation | $ 0 | $ 0 | 0 | 0 | (234) | (234) |
Balances (in shares) at Mar. 31, 2020 | 6,472 | (1,315) | ||||
Balances at Mar. 31, 2020 | $ 65 | $ (6,371) | 88,477 | (63,475) | (232) | 18,464 |
Balances (in shares) at Dec. 31, 2019 | 6,472 | (1,310) | ||||
Balances at Dec. 31, 2019 | $ 65 | $ (6,352) | 88,471 | (60,815) | 2 | 21,371 |
Net loss to common shareholders | (5,360) | |||||
Foreign currency translation | (239) | |||||
Balances (in shares) at Jun. 30, 2020 | 6,472 | (1,315) | ||||
Balances at Jun. 30, 2020 | $ 65 | $ (6,371) | 88,481 | (66,175) | (237) | 15,763 |
Balances (in shares) at Mar. 31, 2020 | 6,472 | (1,315) | ||||
Balances at Mar. 31, 2020 | $ 65 | $ (6,371) | 88,477 | (63,475) | (232) | 18,464 |
Share based payment expense | 0 | 0 | 4 | 0 | 0 | 4 |
Net loss to common shareholders | $ 0 | $ 0 | 0 | (2,700) | 0 | (2,700) |
Purchases of treasury stock (in shares) | 0 | 0 | ||||
Purchases of treasury stock | $ 0 | $ 0 | 0 | 0 | 0 | 0 |
Foreign currency translation | $ 0 | $ 0 | 0 | 0 | (5) | (5) |
Balances (in shares) at Jun. 30, 2020 | 6,472 | (1,315) | ||||
Balances at Jun. 30, 2020 | $ 65 | $ (6,371) | 88,481 | (66,175) | (237) | 15,763 |
Balances (in shares) at Dec. 31, 2020 | 6,472 | (1,315) | ||||
Balances at Dec. 31, 2020 | $ 65 | $ (6,371) | 88,487 | (65,756) | 81 | 16,506 |
Share based payment expense | 0 | 0 | 3 | 0 | 0 | 3 |
Net loss to common shareholders | 0 | 0 | 0 | 2,221 | 0 | 2,221 |
Foreign currency translation | $ 0 | $ 0 | 0 | 0 | (19) | (19) |
Balances (in shares) at Mar. 31, 2021 | 6,472 | (1,315) | ||||
Balances at Mar. 31, 2021 | $ 65 | $ (6,371) | 88,490 | (63,535) | 62 | 18,711 |
Balances (in shares) at Dec. 31, 2020 | 6,472 | (1,315) | ||||
Balances at Dec. 31, 2020 | $ 65 | $ (6,371) | 88,487 | (65,756) | 81 | 16,506 |
Net loss to common shareholders | $ 3,342 | |||||
Purchases of treasury stock (in shares) | 0 | |||||
Foreign currency translation | $ (3) | |||||
Balances (in shares) at Jun. 30, 2021 | 6,472 | (1,315) | ||||
Balances at Jun. 30, 2021 | $ 65 | $ (6,371) | 88,523 | (62,414) | 78 | 19,881 |
Balances (in shares) at Mar. 31, 2021 | 6,472 | (1,315) | ||||
Balances at Mar. 31, 2021 | $ 65 | $ (6,371) | 88,490 | (63,535) | 62 | 18,711 |
Share based payment expense | 0 | 0 | 1 | 0 | 0 | 1 |
Net loss to common shareholders | 0 | 0 | 0 | 1,121 | 0 | 1,121 |
Foreign currency translation | 0 | 0 | 0 | 0 | 16 | 16 |
Short swing profit disgorgement | $ 0 | $ 0 | 32 | 0 | 0 | 32 |
Balances (in shares) at Jun. 30, 2021 | 6,472 | (1,315) | ||||
Balances at Jun. 30, 2021 | $ 65 | $ (6,371) | $ 88,523 | $ (62,414) | $ 78 | $ 19,881 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net income (loss): | $ 3,342 | $ (5,360) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
Amortization and depreciation | 509 | 592 |
Goodwill impairment | 0 | 800 |
Share based payment expense | 4 | 10 |
Gain on forgiveness of loan | (1,994) | 0 |
Employee retention credit | (35) | 0 |
Deferred income taxes | 265 | 598 |
Bad debt expense | 78 | 93 |
Changes in operating assets and liabilities: | ||
Accounts receivable | (1,968) | 4,449 |
Prepaid expenses and other current assets | (2) | 31 |
Right of use assets-operating | 139 | 515 |
Other assets | (16) | 19 |
Due to models | 982 | (2,992) |
Lease liabilities-operating | (166) | (561) |
Accounts payable and accrued liabilities | 408 | (794) |
Net cash provided by (used in) operating activities | 1,546 | (2,600) |
Cash flows from investing activities: | ||
Purchases of property and equipment | (10) | (88) |
Net cash used in investing activities | (10) | (88) |
Cash flows from financing activities: | ||
Purchases of treasury stock | 0 | (19) |
Shareholder short swing profit disgorgement | 32 | 0 |
Proceeds of term loan | 0 | 1,975 |
Payments on finance leases | (49) | (47) |
Repayment of term loan | (93) | (374) |
Net cash (used in) provided by financing activities | (110) | 1,535 |
Foreign currency effect on cash flows: | (3) | (239) |
Net change in cash and cash equivalents: | 1,423 | (1,392) |
Cash and cash equivalents, beginning of period | 5,556 | 6,993 |
Cash and cash equivalents, end of period | 6,979 | 5,601 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 18 | 45 |
Cash paid for income taxes | 5 | 0 |
Noncash investing and financing activities | ||
Gain on forgiveness of loan | $ 1,994 | $ 0 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1. Basis of Presentation The interim consolidated financial statements included herein have been prepared by Wilhelmina International, Inc. (together with its subsidiaries, "Wilhelmina" or the "Company") without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Although certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to those rules and regulations, all adjustments considered necessary in order to make the consolidated financial statements not 10 December 31, 2020. not may |
Note 2 - Business Activitiy
Note 2 - Business Activitiy | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | Note 2. Business Activity The primary business of Wilhelmina is fashion model management. These business operations are headquartered in New York City. The Company’s predecessor was founded in 1967 one |
Note 3 - New Accounting Standar
Note 3 - New Accounting Standards | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | Note 3. New Accounting Standards In December 2019, 2019 12 Income Taxes (Topic 740 2019 12 740 2019 12 740. December 15, 2020, none first 2021, not In October 2020, No. 2020 10 Codification Improvements 50 45 first 2021. not In March 2020, No. 2020 04 848 March 12, 2020, no December 31, 2022, not not |
Note 4 - Foreign Currency Trans
Note 4 - Foreign Currency Translation | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Foreign Currency Disclosure [Text Block] | Note 4. Foreign Currency Translation The functional currency of our subsidiary in the United Kingdom is the British Pound. Assets and liabilities are translated into U.S. dollars at the exchange rates in effect at each balance sheet date. Results of operations are translated using the weighted average exchange rates during reporting periods. Related translation adjustments are accumulated in a separate component of stockholder’s equity and transaction gains and losses are recognized in the consolidated statements of operations and comprehensive income (loss) when realized. |
Note 5 - Debt
Note 5 - Debt | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 5. Debt The Company has a credit agreement with Amegy Bank which originally provided a $4.0 million revolving line of credit and up to a $3.0 million term loan which could be drawn through October 24, 2016. June 9, 2021, June 30, 2021. June 30, 2021. October 24, 2022. On August 16, 2016, November, 2016, 60 October 28, 2020. On July 16, 2018, July 12, 2019, July 12, 2019. July 12, 2023. Amounts outstanding under the additional term loan reduce the availability under the Company’s revolving line of credit with Amegy Bank. On August 1, 2018, December 12, 2018, June 30, 2021, Reduced outstanding accounts receivable available as collateral under the Company’s credit agreement with Amegy Bank has limited access to additional financing. Net losses in recent periods have also impacted compliance with the financial covenants under the Amegy Bank credit agreement, further impeding the Company’s ability to obtain additional financing. On March 26, 2020, December 31, 2019. May 12, 2020, March 31, 2020 March 31, 2020. June 30, 2020 September 30, 2020. November 10, 2020, December 31, 2021, December 31, 2020 six March 31, 2021 nine June 30, 2021 twelve June 30, 2021. On April 15, 2020, April 13, 2020 ( April 13, 2022 1.00% April 13, 2025. March 27, 2021, March 31, 2021. On April 18, 2020, April 17, 2020 ( April 17, 2022 1.00% April 17, 2025. April 3, 2021, June 30, 2021. |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 6. Commitments and Contingencies On October 24, 2013, January 6, 2014, August 11, 2014, March 3, 2014, “may Plaintiffs retained substitute counsel, who filed a Second and then Third Amended Complaint. Plaintiffs’ Third Amended Complaint asserts causes of action for alleged breaches of the plaintiffs' management contracts with the defendants, conversion, breach of the duty of good faith and fair dealing, and unjust enrichment. The Third Amended Complaint also alleges that the plaintiff models were at all relevant times employees, and not not not October 6, 2015, May 26, 2017. three five two May 24, 2018. August 16, 2017, On June 6, 2016, August 16, 2017. September 29, 2017, May 10, 2018. July 12, 2019, On May 1, 2019, July 12, 2019, By Order Dated May 8, 2020 ( The Company believes the claims asserted in the Shanklin Litigation and Pressley Litigation are without merit and intends to continue to vigorously defend the actions. In addition to the legal proceedings disclosed herein, the Company is also engaged in various legal proceedings that are routine in nature and incidental to its business. None |
Note 7 - Income Taxes
Note 7 - Income Taxes | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 7. Income Taxes Generally, the Company’s combined effective tax rate is high relative to reported net income as a result of valuation allowances on deferred tax assets, certain amortization expense, stock based compensation, and corporate overhead not 2021, not not four not not June 30, 2021, 19 not not June 30, 2021, may As of June 30, 2021, |
Note 8 - Treasury Shares
Note 8 - Treasury Shares | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Treasury Stock [Text Block] | Note 8. During 2012, 2013, 2016, may may not may From 2012 June 30, 2021, six June 30, 2021, |
Note 9 - Related Parties
Note 9 - Related Parties | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 9. Related Parties The Executive Chairman of the Company, Mark E. Schwarz, is also the chairman, chief executive officer and portfolio manager of Newcastle Capital Management, L.P. (“NCM”). NCM is the general partner of Newcastle Partners L.P. (“Newcastle”), which is the largest shareholder of the Company. The Company’s corporate headquarters are located at the offices of NCM. The Company occupies a portion of NCM space on a month-to-month basis at $2.5 thousand per month, pursuant to a services agreement entered into between the parties. Pursuant to the services agreement, the Company receives the use of NCM’s facilities and equipment and accounting, legal and administrative services from employees of NCM. The Company incurred expenses pursuant to the services agreement totaling approximately $15 thousand for the six June 30, 2021 2020. not June 30, 2021. In the second 2021, one 16 1934, June 30, 2021, June 30, 2021. |
Note 10 - Goodwill
Note 10 - Goodwill | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | Note 10. Goodwill During the first 2020, 19 March 2020, six June 30, 2021. |
Note 5 - Debt (Details Textual)
Note 5 - Debt (Details Textual) $ in Thousands | Apr. 03, 2021USD ($) | Mar. 27, 2021USD ($) | Oct. 28, 2020USD ($) | Apr. 18, 2020USD ($) | Apr. 15, 2020USD ($) | Dec. 12, 2018USD ($)shares | Aug. 01, 2018USD ($)shares | Jul. 16, 2018USD ($) | Oct. 24, 2016USD ($) | Aug. 16, 2016USD ($) | Jun. 30, 2021USD ($) | Mar. 31, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)shares | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)shares | Jun. 09, 2021USD ($) | Nov. 10, 2020USD ($) | May 12, 2020USD ($) | Mar. 26, 2020USD ($) | Dec. 31, 2019USD ($) |
Proceeds from Issuance of Long-term Debt, Total | $ 0 | $ 1,975 | |||||||||||||||||||
Treasury Stock, Shares, Acquired (in shares) | shares | 50,000 | 100,000 | 0 | 1,314,694 | |||||||||||||||||
Gain (Loss) on Extinguishment of Debt, Total | $ 129 | $ 0 | $ 1,994 | $ 0 | |||||||||||||||||
Proceeds from Parent Paycheck Protection Program Under CARES Act | $ 128 | ||||||||||||||||||||
Wilhelmina International LTD [Member] | |||||||||||||||||||||
Proceeds from Sub Paycheck Protection Program Under CARES Act | $ 1,800 | ||||||||||||||||||||
Thirteenth Amendment to Credit Agreement [Member] | Revolving Credit Facility [Member] | Amegy [Member] | |||||||||||||||||||||
Debt Agreement, Covenant Compliance, Minimum Net Worth | $ 4,000 | $ 20,000 | |||||||||||||||||||
Paycheck Protection Program CARES Act [Member] | |||||||||||||||||||||
Gain (Loss) from Interest Forgiven | $ 1 | $ 17 | |||||||||||||||||||
Gain (Loss) on Extinguishment of Debt, Total | 100 | $ 1,900 | |||||||||||||||||||
Amegy [Member] | Term Loan [Member] | |||||||||||||||||||||
Repayments of Debt | $ 600 | ||||||||||||||||||||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Revolving Credit Facility [Member] | |||||||||||||||||||||
Debt Agreement, Maximum Borrowing Capacity | $ 4,000 | ||||||||||||||||||||
Debt Agreement, Borrowing Base Percentage of Collateral Modified From | 80.00% | ||||||||||||||||||||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Revolving Credit Facility [Member] | Prime Rate [Member] | |||||||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | ||||||||||||||||||||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Term Loan [Member] | |||||||||||||||||||||
Debt Agreement, Maximum Borrowing Capacity | $ 3,000 | ||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 2,700 | ||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.50% | ||||||||||||||||||||
Long-term Debt, Number of Monthly Payments, Principal and Interest | 47 | ||||||||||||||||||||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Standby Letters of Credit [Member] | |||||||||||||||||||||
Long-term Line of Credit, Total | 0 | 0 | $ 0 | $ 200 | |||||||||||||||||
Line of Credit Facility, Remaining Borrowing Capacity | 2,400 | 2,400 | 2,400 | ||||||||||||||||||
Amegy [Member] | Tenth Amendment to Credit Agreement [Member] | Term Loan [Member] | |||||||||||||||||||||
Debt Agreement, Maximum Borrowing Capacity | $ 1,000 | ||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 300 | $ 700 | |||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.15% | ||||||||||||||||||||
Debt Instrument, Term (Month) | 60 months | ||||||||||||||||||||
Long-term Debt, Total | $ 600 | $ 600 | $ 600 | ||||||||||||||||||
Amegy [Member] | Thirteenth Amendment to Credit Agreement [Member] | Revolving Credit Facility [Member] | |||||||||||||||||||||
Debt Agreement, Covenant Compliance, Minimum Net Worth | $ 3,000 | ||||||||||||||||||||
Amegy [Member] | Credit Agreement Fifteenth Amendment [Member] | Revolving Credit Facility [Member] | |||||||||||||||||||||
Debt Agreement, Covenant Compliance, Minimum Net Worth | $ 1,500 |
Note 7 - Income Taxes (Details
Note 7 - Income Taxes (Details Textual) $ in Millions | 6 Months Ended |
Jun. 30, 2021USD ($) | |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 1.4 |
Domestic Tax Authority [Member] | |
Operating Loss Carryforwards, Total | $ 2.6 |
Note 8 - Treasury Shares (Detai
Note 8 - Treasury Shares (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Dec. 12, 2018 | Aug. 01, 2018 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021 | Dec. 31, 2016 | Jun. 30, 2021 | Dec. 31, 2013 | Dec. 31, 2012 |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) | 1,500,000 | 1,000,000 | 500,000 | ||||||
Stock Repurchase Program, Additional Shares Authorized (in shares) | 500,000 | ||||||||
Treasury Stock, Shares, Acquired (in shares) | 50,000 | 100,000 | 0 | 1,314,694 | |||||
Treasury Stock Acquired, Average Cost Per Share (in dollars per share) | $ 4.85 | ||||||||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | $ 19 | $ 6,400 |
Note 9 - Related Parties (Detai
Note 9 - Related Parties (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2021 | Jun. 30, 2020 | |
Adjustments to Additional Paid in Capital, Short Swing Profit Disgorgement | $ 32,000 | ||
Proceeds from Shareholder Short Swing Profit Disgorgement | 32,000 | $ 32,000 | $ 0 |
Services Agreements [Member] | |||
Related Party Transaction, Monthly Rent | 2,500 | ||
Related Party Transaction, Expenses from Transactions with Related Party | 15,000 | $ 15,000 | |
Due to Related Parties, Current, Total | $ 0 | $ 0 |
Note 10 - Goodwill (Details Tex
Note 10 - Goodwill (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Goodwill, Impairment Loss | $ 800 | $ 0 | $ 0 | $ 0 | $ 800 |