Equity (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of reconciliation of company's equity


							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.

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


							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)