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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)    
Repurchase of ordinary shares   0 0  
Share-based compensation expense     2,930  
Net income $ 34,997     34,997
Ending balance at Jun. 30, 2024 634,020 3,532 487,462 143,026
Beginning balance at Mar. 31, 2024   3,532 485,878 135,048
Increase (Decrease) in Stockholders' Equity        
Forfeited shares, net of issued shares   0    
Repurchase of ordinary shares   0 0  
Share-based compensation expense     1,584  
Net income 7,978     7,978
Ending balance at Jun. 30, 2024 634,020 3,532 487,462 143,026
Beginning balance at Dec. 31, 2024   3,483 481,551 150,845
Increase (Decrease) in Stockholders' Equity        
Forfeited shares, net of issued shares   (27)    
Repurchase of ordinary shares   (36) (4,964)  
Share-based compensation expense     2,510  
Net income 29,956     29,956
Ending balance at Jun. 30, 2025 663,318 3,420 479,097 180,801
Beginning balance at Mar. 31, 2025   3,456 482,876 180,472
Increase (Decrease) in Stockholders' Equity        
Forfeited shares, net of issued shares   0    
Repurchase of ordinary shares   (36) (4,964)  
Share-based compensation expense     1,185  
Net income 329     329
Ending balance at Jun. 30, 2025 $ 663,318 $ 3,420 $ 479,097 $ 180,801