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Shareholders' Equity
 3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Shareholders' Equity

(9.) SHAREHOLDERS’ EQUITY

Common Stock

The changes in shares of common stock were as follows for the three months ended March 31, 2024 and 2023:

 

 

 

Outstanding

 

 

Treasury

 

 

Issued

 

2024

 

 

 

 

 

 

 

 

 

Shares at December 31, 2023

 

 

15,407,406

 

 

 

692,150

 

 

 

16,099,556

 

Restricted stock units released

 

 

60,989

 

 

 

(60,989

)

 

 

—

 

Treasury stock purchases

 

 

(21,446

)

 

 

21,446

 

 

 

—

 

Shares at March 31, 2024

 

 

15,446,949

 

 

 

652,607

 

 

 

16,099,556

 

2023

 

 

 

 

 

 

 

 

 

Shares at December 31, 2022

 

 

15,340,001

 

 

 

759,555

 

 

 

16,099,556

 

Restricted stock units released

 

 

58,188

 

 

 

(58,188

)

 

 

—

 

Treasury stock purchases

 

 

(22,710

)

 

 

22,710

 

 

 

—

 

Shares at March 31, 2023

 

 

15,375,479

 

 

 

724,077

 

 

 

16,099,556

 

 

Share Repurchase Programs

In June 2022, the Company’s Board of Directors (the “Board”) authorized a share repurchase program for up to 766,447 shares of common stock (the “2022 Share Repurchase Program”). Repurchased shares are recorded in treasury stock, at cost, which includes any applicable transaction costs. As of March 31, 2024, no shares have been repurchased under the 2022 Share Repurchase Program.