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Shareholders' Equity | 3 Months Ended
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Mar. 31, 2025
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, 2025 and 2024:
|  | Outstanding |  |  | Treasury |  |  | Issued |
2025 |  |  |  |  |  |  |  |  |
Shares at December 31, 2024 |  |  | 20,076,572 |  |  |  | 622,984 |  |  |  | 20,699,556 |
Restricted stock awards issued |  |  | 667 |  |  |  | (667 | ) |  |  | — |
Stock awards |  |  | 654 |  |  |  | (654 | ) |  |  | — |
Restricted stock units released |  |  | 50,270 |  |  |  | (50,270 | ) |  |  | — |
Treasury stock purchases |  |  | (18,451 | ) |  |  | 18,451 |  |  |  | — |
Shares at March 31, 2025 |  |  | 20,109,712 |  |  |  | 589,844 |  |  |  | 20,699,556 |
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 |
Common Stock Offering On December 13, 2024, the Company completed a public, underwritten offering of 4,600,000 shares of common stock at $25.00 per share, which included 600,000 as a result of the underwriters’ exercise of their overallotment option. The Company received net proceeds of $108.6 million after deducting underwriting discounts and commissions and other offering expenses from the sale of its common stock. 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, 2025, no shares hav e been repurchased under the 2022 Share Repurchase Program.

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