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Common Stock
 6 Months Ended
Jun. 30, 2025
Common Stock  
Common Stock

Note 12 Common Stock

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The Company had 38,045,622 and 38,054,482 shares of Class A common stock outstanding at June 30, 2025 and December 31, 2024, respectively. Additionally, the Company had 327,656 and 292,014 shares outstanding at June 30, 2025 and December 31, 2024, respectively, of restricted Class A common stock issued but not yet vested under the 2023 Plan that are not included in shares outstanding until such time that they are vested; however, these shares do have voting and certain dividend rights during the vesting period.

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On May 9, 2023, the Company’s Board of Directors authorized a program to repurchase up to $50.0 million of the Company’s stock from time to time in either the open market or through privately negotiated transactions. During the second quarter of 2025, the Company repurchased 119,300 shares of common stock for $4.2 million at a weighted average price per share of $35.50. The remaining authorization under the current program as of June 30, 2025 was $45.8 million.