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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Summary of Cumulative Convertible Preferred Stock | The following table provides certain information for the convertible Series A preferred stock as of the dates presented (in thousands, except conversion factor):
|  | As of December 31,
|  | 2023 |  | 2022
Shares issued and outstanding |  | 10 |  |  | 10 |
Conversion factor |  | 2.50 |  |  | 2.50 |
Common shares resulting if converted |  | 25 |  |  | 25 |
Schedule of Shares Repurchased | The following table presents repurchases of the Company’s common stock for the periods presented (in thousands, except total number of shares repurchased and per share data):
|  |  |  |  |  | Total Number of Shares |  |  |  | Average |  |
|  |  |  | Dollar |  | Repurchased During the Year |  | Aggregate |  | Price per |  | Plan
|  | Expiration |  | Amount |  | Ended December 31, |  | Purchase |  | Share |  | Completed or
Date Authorized |  | Date (1) |  | Authorized |  | 2023 |  | 2022 |  | Price |  | Repurchased |  | Expired
June 12, 2023 |  | June 10, 2025 |  | $ | 20,000 |  |  | 1,112,953 |  |  | — |  |  | $ | 15,867 |  |  | $ | 14.26 |  |  |
December 15, 2022 |  | December 15, 2024 |  | $ | 7,997 |  |  | 400,691 |  |  | 186,435 |  |  | $ | 7,997 |  |  | $ | 13.62 |  |  | August 2023
November 3, 2020 |  | November 3, 2022 |  | $ | 20,000 |  |  | — |  |  | 806,324 |  |  | $ | 9,800 |  |  | $ | 12.15 |  |  | November 2022
(1)In November 2020, our Board of Directors authorized a share repurchase of up to $20 million of shares of common stock, which expired in November 2022. At the end of this prior authorization, the Company had repurchased slightly more than $12 million of shares of common stock. On December 15, 2022, our Board of Directors authorized a successor share repurchase program under which the Company was authorized to repurchase up to $8.0 million of shares of common stock through December 15, 2024, which represents the unused portion of the predecessor authorization. On June 12, 2023, our Board of Directors authorized the repurchase of up to $20.0 million of our common stock through June 10, 2025 (“The June 2025 Share Repurchase Program”) pursuant to which we repurchased 1,112,953 shares of our common stock at an aggregate cost of approximately $15.9 million.
Summary of Dividends Declared on its Outstanding Shares of Common Stock to its Shareholders | The Company declared dividends on its outstanding shares of common stock to its shareholders of record as follows for the periods presented (in thousands, except per share amounts):
|  | For the Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | Per Share Amount |  | Aggregate Amount (1) |  | Per Share Amount |  | Aggregate Amount (1) |  | Per Share Amount |  | Aggregate Amount (1)
First Quarter |  | $ | 0.16 |  |  | $ | 4,967 |  |  | $ | 0.16 |  |  | $ | 5,004 |  |  | $ | 0.16 |  |  | $ | 5,027 |
Second Quarter |  | $ | 0.16 |  |  | $ | 5,004 |  |  | $ | 0.16 |  |  | $ | 4,990 |  |  | $ | 0.16 |  |  | $ | 5,039 |
Third Quarter |  | $ | 0.16 |  |  | $ | 4,935 |  |  | $ | 0.16 |  |  | $ | 4,994 |  |  | $ | 0.16 |  |  | $ | 5,034 |
Fourth Quarter |  | $ | 0.29 |  |  | $ | 8,672 |  |  | $ | 0.29 |  |  | $ | 9,003 |  |  | $ | 0.29 |  |  | $ | 9,096 |
(1)Includes dividend equivalents due to employees who hold performance share units, restricted share units or restricted stock awards which are subject to time-vesting conditions.

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