XML 34 R20.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Stock Buyback Plan | 12 Months Ended
--- | ---
Dec. 31, 2024
Equity [Abstract] |
Stock Buyback Plan | Note 11 – Stock Buyback Plan On September 30, 2019, our Board of Directors approved a new plan to buyback up to 2.5 million additional shares of our common stock from the open market (“Stock Buyback Plan”). Schedule of Stock Buyback Plan
(in thousands, except per share cost) |  | Number of Shares |  |  | Cost of Shares |  |  | Average Cost per Share |
Balance, January 1, 2023 |  |  | 727 |  |  | $ | 7,263 |  |  | $ | 10.00 |
Shares purchased during 2023 |  |  | 287 |  |  |  | 3,956 |  |  |  | 13.78 |
Balance, December 31, 2023 |  |  | 1,014 |  |  | $ | 11,219 |  |  | $ | 11.06 |
Shares purchased during 2024 |  |  | 192 |  |  |  | 2,243 |  |  |  | 11.63 |
Balance, December 31, 2024 |  |  | 1,206 |  |  | $ | 13,462 |  |  | $ | 11.16 |
The repurchased shares are recorded as part of treasury stock and are accounted for under the cost method. Our Stock Buyback Plan has been and will be used to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards. In the future, we may consider additional share repurchases under our plan based on several factors, including our cash position, share price, operational liquidity, and planned investment and financing needs. Private purchase of Common Shares During March 2024, the Company purchased 80,201 shares of its common stock from one shareholder for approximately $1.0 million. The purchase was limited to this single shareholder who approached the company; it was privately negotiated and involved no solicitation or advertising. No fees were paid in connection with the transaction, as it was a non-brokered placement. The shares were immediately retired upon purchase.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
Name: | us-gaap_TreasuryStockTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration