XML 23 R11.htm IDEA: XBRL DOCUMENT v3.26.1
STOCKHOLDERS’ EQUITY
 3 Months Ended
Jun. 30, 2026
Statement of Stockholders' Equity [Abstract]  
STOCKHOLDERS’ EQUITY STOCKHOLDERS’ EQUITY
On June 9, 2026 the Company announced that its Board of Directors (the “Board”) has authorized a stock repurchase program (the “2026 program”), pursuant to which the Company may repurchase, from time to time, up to an aggregate of $40.0 million of the Company’s outstanding shares of common stock, exclusive of any fees, commissions or other expenses related to such repurchases, in open market transactions made in accordance with the provisions of Rule 10b-18 and/or Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, privately negotiated transactions or by other means in accordance with applicable securities laws.
On August 17, 2023, June 3, 2024, and February 26, 2025, the Company respectively announced that its Board had authorized a stock repurchase program, pursuant to which the Company was authorized to repurchase, from time to time, up to an aggregate of $7.5 million, $15.0 million, and $4.0 million or $26.5 million in total, of the Company’s outstanding shares of common stock, exclusive of any fees, commissions or other expenses related to such repurchases, in open market transactions made in accordance with the provisions of Rule 10b-18 and/or Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, privately negotiated transactions or by other means in accordance with applicable securities laws.
During the three months ended June 30, 2026 the Company repurchased 22,913 shares of common stock under the 2026 program for $0.2 million at an average price of $10.16. During the three months ended June 30, 2025, the Company repurchased a total of 1,310,627 shares of its common stock under the program for $1.8 million at an average price of $27.00. The repurchased shares of common stock were recorded as treasury stock and were accounted for under the cost method. None of the repurchased shares of common stock have been retired. As of June 30, 2026, $39.8 million remained available for future share repurchases under the 2026 program.