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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Ordinary share capital
Additional paid-in capital
Retained earnings
Beginning balance at Dec. 31, 2023   $ 3,534 $ 484,532 $ 108,029
Increase (Decrease) in Stockholders' Equity        
Forfeited shares, net of issued shares   (2)    
Share-based compensation expense     1,346  
Net income $ 27,019     27,019
Ending balance at Mar. 31, 2024 624,458 3,532 485,878 135,048
Beginning balance at Dec. 31, 2024   3,483 481,551 150,845
Increase (Decrease) in Stockholders' Equity        
Forfeited shares, net of issued shares   (27)    
Share-based compensation expense     1,325  
Net income 29,627     29,627
Ending balance at Mar. 31, 2025 $ 666,804 $ 3,456 $ 482,876 $ 180,472