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STOCKHOLDERS' EQUITY AND SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Stockholders' Equity and Share-Based Compensation  
Dividend declared

The following tables summarize the Company’s quarterly cash dividends declared during the years ended December 31, 2024 and 2023 (in thousands, except per share data):

Year Ended December 31, 2024

Dividend per Share

    

Declaration Date

    

Record Date

    

Payment Date

    

Total Dividend

$

0.10

February 12, 2024

February 27, 2024

March 15, 2024

$

2,636

$

0.10

April 30, 2024

May 14, 2024

May 29, 2024

$

2,635

$

0.10

July 30, 2024

August 13, 2024

August 30, 2024

$

2,629

$

0.10

October 29, 2024

November 12, 2024

November 29, 2024

$

2,627

Year Ended December 31, 2023

Dividend per Share

    

Declaration Date

    

Record Date

    

Payment Date

    

Total Dividend

$

0.08

February 9, 2023

February 21, 2023

March 10, 2023

$

2,107

$

0.08

May 4, 2023

May 16, 2023

June 2, 2023

$

2,099

$

0.08

August 2, 2023

August 15, 2023

September 1, 2023

$

2,101

$

0.08

October 31, 2023

November 14, 2023

December 1, 2023

$

2,103

Components of Share-Based Compensation Recorded as Expense

The following table summarizes the share-based compensation expenses included in the consolidated statements of income (in thousands):

    

2024

    

2023

    

2022

 

Pre-tax expense for nonvested units

$

8,475

$

7,022

$

5,675

Tax benefit

 

(2,192)

 

(1,853)

 

(1,512)

Net effect on net income

$

6,283

$

5,169

$

4,163

Nonvested Stock Unit Activity

    

    

Weighted-Average

 

Grant Date

 

Shares

Fair Value

 

Nonvested at January 1, 2024

 

450

$

47.09

Granted

183

67.83

Vested

 

(159)

 

45.75

Canceled

(19)

57.71

Nonvested at December 31, 2024

 

455

 

55.44