XML 26 R19.htm IDEA: XBRL DOCUMENT
v3.25.3

Shareholders' Equity | 9 Months Ended
--- | ---
Sep. 30, 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 and nine months ended September 30, 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 |
Restricted stock awards issued |  |  | 14,971 |  |  |  | (14,971 | ) |  |  | — |
Stock awards |  |  | 2,892 |  |  |  | (2,892 | ) |  |  | — |
Shares at June 30, 2025 |  |  | 20,127,575 |  |  |  | 571,981 |  |  |  | 20,699,556 |
Restricted stock units released |  |  | 3,300 |  |  |  | (3,300 | ) |  |  | — |
Treasury stock purchases |  |  | (1,242 | ) |  |  | 1,242 |  |  |  | — |
Shares at September 30, 2025 |  |  | 20,129,633 |  |  |  | 569,923 |  |  |  | 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 |
Restricted stock awards issued |  |  | 22,011 |  |  |  | (22,011 | ) |  |  | — |
Restricted stock awards forfeited |  |  | (1,000 | ) |  |  | 1,000 |  |  |  | — |
Stock awards |  |  | 4,141 |  |  |  | (4,141 | ) |  |  | — |
Restricted stock units released |  |  | 500 |  |  |  | (500 | ) |  |  | — |
Treasury stock purchases |  |  | (206 | ) |  |  | 206 |  |  |  | — |
Shares at June 30, 2024 |  |  | 15,472,395 |  |  |  | 627,161 |  |  |  | 16,099,556 |
Restricted stock awards released |  |  | 3,000 |  |  |  | (3,000 | ) |  |  | — |
Treasury stock purchases |  |  | (1,081 | ) |  |  | 1,081 |  |  |  | — |
Shares at September 30, 2024 |  |  | 15,474,314 |  |  |  | 625,242 |  |  |  | 16,099,556 |
(9.) SHAREHOLDERS’ EQUITY (CONTINUED) 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 September 2025, the Company’s Board of Directors (the “Board”) authorized a share repurchase program, for up to 1,006,379 shares of its common stock, or approximately 5% of the Company’s then outstanding common shares, which replaced and terminated the prior share repurchase program authorized by the Board in June 2022. Repurchased shares are recorded in treasury stock, at cost, which includes any applicable transaction costs. The repurchase program does not obligate the Company to purchase any shares and it may be extended, modified, or discontinued at any time. As of September 30, 2025, no shares have been repurchased under this program.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration