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Accumulated Other Comprehensive Income
9 Months Ended
Sep. 30, 2025
Text Block [Abstract]  
Accumulated Other Comprehensive Income (Loss) STOCK REPURCHASE PLAN
On March 11, 2024, the Company announced that its Board of Directors approved a stock repurchase program authorizing the Company to repurchase up to $7,500,000 of its outstanding shares of common stock. Repurchases of shares of common stock under the stock repurchase program are made in the open market and in accordance with applicable securities laws. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company’s discretion. For the three months ended September 30, 2025 no shares were repurchased. For the nine months ended September 30, 2025, 151,584 shares were repurchased under the program, totaling $2,249,000. For the three and nine months ended September 30, 2024, the company repurchased 111,884 shares and 135,873 shares at an average price of $17.60 and $17.40, totaling cash payment of $1,971,000 and $2,364,000, respectively.
ACCUMULATED OTHER COMPREHENSIVE INCOME
The following table presents changes in Accumulated Other Comprehensive Income, net of tax, for the nine months ended September 30, 2025 and 2024 (in thousands):
2024:Derivative
Hedging
Activities
Post Retirement
Benefit Plan
Items(A)
Accumulated
Other
Comprehensive
Income (Loss)
2024:
Balance at December 31, 2023$901 $4,400 $5,301 
Other comprehensive income before reclassifications(2,851)— (2,851)
Amounts reclassified from accumulated other comprehensive income(106)(483)(589)
Income tax benefit621 101 722 
Balance at September 30, 2024$(1,435)$4,018 $2,583 
2025:
Balance at December 31, 2024$(1,254)$3,546 $2,292 
Other comprehensive income before reclassifications2,012 — 2,012 
Amounts reclassified from accumulated other comprehensive income(57)(433)(490)
Income tax benefit (expense)(411)91 (320)
Balance at September 30, 2025$290 $3,204 $3,494 
(A)The effect of post-retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in other income and expense on the Consolidated Statements of Operations. These Accumulated Other Comprehensive Income components are included in the computation of net periodic benefit cost (see Note 9, "Post-Retirement Benefits" for additional details). The tax effect of post-retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in income tax expense on the Consolidated Statements of Operations