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Note 22 - Dividends, Share Issuances and Share Repurchases | 12 Months Ended
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Dec. 31, 2025
Notes to Financial Statements |
Dividends and Share Repurchases [Text Block] | Note 22. Dividends, Share Issuances and Share Repurchases The Company currently pays a quarterly cash dividend. Dividends are considered restricted payments under the Senior Secured Notes Indenture. The Company is generally permitted to make restricted payments provided that, at the time of payment, or as a result of payment, the Company is not in default on its covenants; however, there are earnings and market capitalization requirements that if not met could limit the aggregate amount of restricted, quarterly dividends during a fiscal year. During the years ended December 31, 2025, 2024 and 2023, the Company paid cash dividends of $0.30 per common share for $5.5 million, $0.28 per common share for $4.9 million and $0.26 per common share for $4.5 million, respectively. On February 25, 2020, the Company’s Board of Directors approved a $50.0 million share repurchase program which is intended for opportunistic execution based upon a variety of factors including market dynamics. The program is subject to the ongoing discretion of the Board of Directors. On October 25, 2021, the Board of Directors increased the approved share repurchase program by $30.7 million, and by an additional $24.6 million on February 24, 2022. On November 6, 2024, the Board of Directors of the Company increased the Company’s share repurchase authorization by $77.9 million to an aggregate amount of $100.0 million. On November 4, 2025, the Company's Board of Directors increased the share repurchase authorization by $100.0 million to an aggregate amount of $200.0 million. For the year ended December 31, 2025, there were no repurchases under the share repurchase program. As of December 31, 2025, $200.0 million remains available for share repurchases under the program. The total number of shares repurchased for the year ended December 31, 2024 was 154,945 shares for a total cost of $5.1 million and an average price per share of $32.60. There were no shares repurchased for the year ended December 31, 2023. The Company entered into an at-the-market offering program (the "ATM Program") on December 13, 2024, with B. Riley Securities Inc. and Barclays Capital Inc. Between August 15, 2025, and September 11, 2025, the Company sold 1,014,262 shares of our Common Stock under the ATM Program at an average selling price of $98.59 per share for gross proceeds of $100.0 million, less underwriter's commission and expenses of approximately $2.5 million, for net proceeds of $97.5 million. The shares were issued from repurchased common stock on a first in first out basis. The Company recorded the gain, corresponding to the difference in between the reacquisition cost of treasury stock and the value of treasury stock reissued, into APIC within the Consolidated Statements of Changes in Stockholders' Equity. As of December 31, 2025, there was $200 million of capacity remaining under the ATM Program.

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