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Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 11. Subsequent Events

On July 4,2025, the One Big Beautiful Bill Act (OBBBA) was enacted and includes tax reform provisions that amend, eliminate and extend tax rules under the Inflation Reduction Act of 2022 and the Tax Cuts and Jobs Act of 2017 and makes other changes to the Internal revenue Code of 1986, as amended (the Code). While the Company is reviewing the impact of the OBBBA on the Company, the changes to the Code pursuant to the OBBBA are not expected to have a material impact on the Company's results of operations.

On July 22, 2025, the Board declared a regular cash dividend of $0.39 per share, payable on September 26, 2025 to shareholders of record as of September 12, 2025. The Board considers the declaration and payment of a regular cash dividend each calendar quarter and any such declaration and payment of dividends is at the discretion of the Board.

On July 23, 2025, the Board reauthorized the share repurchase program that replaces the Company's prior program, authorizing the repurchase of shares of the Company's common stock in an aggregate amount of up to $25.0 million with no expiration date. As of July 24, 2025, $25.0 million was available for future repurchases of the Company’s common stock under the repurchase program.