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Equity
 9 Months Ended
Sep. 30, 2025
Equity  
Equity

13.  Equity

The following table reconciles our equity for the three and nine months ended September 30, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Accumulated

​

​

​

​

​

Capital in

​

​

​

​

Other

​

​

Common

​

Excess of

​

Reinvested

​

Comprehensive

​

    

Stock

    

Par Value

    

Earnings

    

Loss

​

​

(Dollars in thousands)

Balance, January 1, 2025

​

$

9,643

​

$

72,577

​

$

181,299

​

$

(17,934)

Net earnings

​

 

—

​

 

—

​

 

5,543

​

 

—

Foreign currency translation adjustments

​

 

—

​

 

—

​

 

—

​

 

192

Pension liability adjustment, net of tax

​

 

—

​

 

—

​

 

—

​

 

41

Cash dividends declared ($0.26 per share)

​

 

—

​

 

—

​

 

(2,506)

​

 

—

Stock options exercised, net of shares withheld for employee taxes and strike price

​

​

1

​

​

(1)

​

​

—

​

​

—

Share-based compensation expense

​

 

—

​

 

427

​

 

—

​

 

—

Shares purchased and retired

​

​

(25)

​

​

—

​

​

(707)

​

​

—

Balance, March 31, 2025

​

$

9,619

​

$

73,003

​

$

183,629

​

$

(17,701)

Net earnings

​

​

—

​

​

—

​

​

2,256

​

​

—

Foreign currency translation adjustments

​

​

—

​

​

—

​

​

—

​

​

1,824

Pension liability adjustment, net of tax

​

​

—

​

​

—

​

​

—

​

​

41

Cash dividends declared ($0.27 per share)

​

​

—

​

​

—

​

​

(2,581)

​

​

—

Share-based compensation expense

​

​

—

​

​

375

​

​

—

​

​

—

Shares purchased and retired

​

​

(80)

​

​

—

​

​

(2,323)

​

​

—

Balance, June 30, 2025

​

$

9,539

​

$

73,378

​

$

180,981

​

$

(15,836)

Net earnings

​

​

—

​

​

—

​

​

6,586

​

​

—

Foreign currency translation adjustments

​

​

—

​

​

—

​

​

—

​

​

(2)

Pension liability adjustment, net of tax

​

​

—

​

​

—

​

​

—

​

​

—

Cash dividends declared ($0.27 per share)

​

​

—

​

​

—

​

​

(2,571)

​

​

—

Stock options exercised, net of shares withheld for employee taxes and strike price

​

​

1

​

​

(2)

​

​

—

​

​

—

Issuance of restricted stock

​

​

65

​

​

(65)

​

​

—

​

​

—

Net share settlement of restricted stock

​

​

(7)

​

​

(221)

​

​

—

​

​

—

Restricted stock forfeited

​

​

(1)

​

​

1

​

​

—

​

​

—

Share-based compensation expense

​

​

—

​

​

444

​

​

—

​

​

—

Shares purchased and retired

​

​

(31)

​

​

—

​

​

(932)

​

​

—

Balance, September 30, 2025

​

$

9,566

​

$

73,535

​

$

184,064

​

$

(15,838)

​

On November 4, 2025, our Board of Directors declared a cash dividend of $0.27 per share to all shareholders of record on November 17, 2025, payable January 9, 2026. Additionally, on November 4, 2025, our Board of Directors also declared a special cash dividend of $2.00 per share to all shareholders of record on November 17, 2025, payable January 9, 2026. The Company’s total cash outlay for this special dividend is expected to be approximately $19.0 million.

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​

The following table reconciles our equity for the three and nine months ended September 30, 2024:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Accumulated

​

​

​

​

​

Capital in

​

​

​

​

Other

​

​

Common

​

Excess of

​

Reinvested

​

Comprehensive

​

    

Stock

    

Par Value

    

Earnings

    

Loss

​

​

(Dollars in thousands)

Balance, January 1, 2024

​

$

9,497

​

$

71,661

​

$

180,646

​

$

(17,311)

Net earnings

​

 

—

​

 

—

​

 

6,650

​

 

—

Foreign currency translation adjustments

​

 

—

​

 

—

​

 

—

​

 

(1,092)

Pension liability adjustment, net of tax

​

 

—

​

 

—

​

 

—

​

 

73

Cash dividends declared ($0.25 per share)

​

 

—

​

 

—

​

 

(2,377)

​

 

—

Stock options exercised, net of shares withheld for employee taxes and strike price

​

​

11

​

​

(12)

​

​

—

​

​

—

Share-based compensation expense

​

​

—

​

​

367

​

​

—

​

​

—

Shares purchased and retired

​

​

—

​

​

—

​

​

(5)

​

​

—

Balance, March 31, 2024

​

$

9,508

​

$

72,016

​

$

184,914

​

$

(18,330)

Net earnings

​

​

—

​

​

—

​

​

5,607

​

​

—

Foreign currency translation adjustments

​

​

—

​

​

—

​

​

—

​

​

61

Pension liability adjustment, net of tax

​

​

—

​

​

—

​

​

—

​

​

73

Cash dividends declared ($0.26 per share)

​

​

—

​

​

—

​

​

(2,467)

​

​

—

Stock options exercised, net of shares withheld for employee taxes and strike price

​

​

1

​

​

(1)

​

​

—

​

​

—

Share-based compensation expense

​

​

—

​

​

331

​

​

—

​

​

—

Shares purchased and retired

​

​

(18)

​

​

—

​

​

(491)

​

​

—

Balance, June 30, 2024

​

$

9,491

​

$

72,346

​

$

187,563

​

$

(18,196)

Net earnings

​

​

—

​

​

—

​

​

8,063

​

​

—

Foreign currency translation adjustments

​

​

—

​

​

—

​

​

—

​

​

913

Pension liability adjustment, net of tax

​

​

—

​

​

—

​

​

—

​

​

79

Cash dividends declared ($0.26 per share)

​

​

—

​

​

—

​

​

(2,468)

​

​

—

Stock options exercised, net of shares withheld for employee taxes and strike price

​

​

15

​

​

(18)

​

​

—

​

​

—

Issuance of restricted stock

​

​

55

​

​

(55)

​

​

—

​

​

—

Share-based compensation expense

​

​

—

​

​

388

​

​

—

​

​

—

Shares purchased and retired

​

​

(2)

​

​

—

​

​

(51)

​

​

—

Balance, September 30, 2024

​

$

9,559

​

$

72,661

​

$

193,107

​

$

(17,204)

​