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Stockholders Equity
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Stockholders Equity

 

5.Stockholders Equity

 

Our decision to declare dividends on common stock is determined on an annual basis following the end of each year. In accordance with that policy, no dividends on our common stock were declared for 2024, 2023, or 2022. Future distributions to common stockholders will be determined in light of conditions then existing, including our financial condition and requirements, future prospects, restrictions in financing agreements, business conditions and other factors deemed relevant by our board of directors.

 

We have a stock repurchase program that allows for the repurchase of up to 1,650,000 shares of our common stock. This repurchase program has no termination date. During the year ended December 31, 2023, we repurchased a total of 57,700 shares in three block transactions. During the year ended December 31, 2024, we repurchased a total of 44,536 shares in several block transactions for a total of $802. As of December 31, 2024, there are 513,003 shares remaining that can be repurchased.

 

On December 16, 2024, TCI announced an offer (“Tender Offer”) to purchase up to 100,000 shares of our outstanding common shares at a price of $18 per share, subject to certain conditions. The Tender Offer was completed on January 29, 2025, which resulted in the acquisition of 21,678 of our common shares. Upon completion of the Tender Offer, TCI ownership of our shares increased to 83.7%.