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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Shareholders' Equity | Shareholders' Equity Share Repurchase Program The Company's previous share repurchase program allowed for repurchase of up to 790,383 shares of the Company's outstanding common stock and expired on February 17, 2025. On February 17, 2025, the Board of Directors authorized a new share repurchase program allowing for repurchase of up to 1.0 million shares of the Company's outstanding common stock over 24 months. The shares will be purchased from time to time at prevailing market prices, through open market or privately negotiated transactions, depending on market conditions. Under the program, the purchases will be funded from available working capital, and the repurchased shares will be held in treasury. There is no guarantee as to the exact number of shares that will be repurchased by the Company, and the Company may discontinue purchases at any time that management determines additional purchases are not warranted. As of June 30, 2025, the Company has 339,752 shares of its share repurchase authorization remaining. Shares repurchased for the three and six months ended June 30, 2025 and 2024 were as follows:
| Three Months Ended June 30, | Six Months Ended June 30,
| 2025 |  | 2024 | 2025 |  | 2024
Number of shares repurchased 1 | 644,171 |  |  | 15,233 |  | 660,993 |  |  | 31,563 |
Average price per share | $ | 12.15 |  |  | $ | 10.25 |  | $ | 12.17 |  |  | $ | 10.10 |
Total cost of shares repurchased 2 | $ | 7,848,761 |  |  | $ | 156,577 |  | $ | 8,063,383 |  |  | $ | 319,798 |
1 Includes 745 shares repurchased under previous share repurchase program which expired on February 17, 2025 2 Includes broker commissions paid as part of repurchase transactions

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