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Equity
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Equity

10. EQUITY

Treasury Stock

During the three and nine months ended September 30, 2025, we distributed 12,402 and 91,602 shares, respectively, of treasury stock upon vesting of stock-based awards. During the three and nine months ended September 30, 2025, we repurchased 462,248 and 831,478 shares, respectively, of our common stock for $5.0 million and $9.8 million, respectively. The total repurchased shares include rights which were surrendered to us pursuant to the terms of a stock-based compensation plan in consideration of the participant’s tax burdens resulting from the issuance of common stock under that plan. Rights surrendered to us were 4,461 and 16,915 shares valued at $47 thousand and $211 thousand for the three and nine months ended September 30, 2025, respectively. Such shares of common stock, unless canceled, may be reissued for a variety of purposes such as future acquisitions, non-employee director stock awards or employee stock awards.

Dividend Policy

In March, May and August 2025, we paid a quarterly cash dividend of $0.01 per share of common stock. In addition, on October 22, 2025, we declared a quarterly cash dividend of $0.01 per share of common stock for shareholders of record on November 3, 2025, and payable on November 24, 2025.

Accumulated Other Comprehensive Income (Loss)

Amounts recognized, net of income tax, in accumulated other comprehensive income (loss) consist of the following (in thousands):

 

 

September 30,
2025

 

 

December 31,
2024

 

Pension and other post-retirement benefit plans - unrecognized prior service costs and net actuarial loss

 

$

(5,719

)

 

$

(5,890

)

Interest rate swaps - net gain (loss) on fair value

 

 

(265

)

 

 

121

 

Total accumulated other comprehensive income (loss)

 

$

(5,984

)

 

$

(5,769

)