v3.25.4
Stockholders' Equity
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
The Company had authorized shares of 20,000,000 in common stock with 11,115,779 shares issued as of December 31, 2025 and 2024. The common stock has a par value of $0.01 per share and the Company did not make any dividend payments during the years ended December 31, 2025 and 2024.

As of December 31, 2025 and 2024, the Company withheld 79,721 and 59,577 shares for approximately $2,108 and $1,429, respectively, from employees to pay their withholding taxes in connection with the vesting of restricted stock awards.

The Board of Directors previously authorized the repurchase of up to $15,000 of the Company’s common shares until February 2025, pursuant to the terms of the previously disclosed stock repurchase program adopted March 3, 2023, as amended August 5, 2024. On March 3, 2025, the Company's Board of Directors authorized the repurchase of up to $40,000 of the Company's common stock in open market transactions and/or 10b5-1 trading plans through February 29, 2028. Repurchases of shares of the Company’s common stock may be made from time to time in the open market or in such other manner as determined by the Company. The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the Company’s shares, general market and economic conditions, and other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock and may be suspended or discontinued at any time.

In connection with the stock repurchase programs, 582,389 shares valued at $14,436 were repurchased during the year ended December 31, 2025 and 300,302 shares valued at $6,808 were repurchased during the year ended December 31, 2024.

 
Common Stock
Treasury
Outstanding
(Number of Shares)
Balance at end of 2023
381,844 
10,733,935 
Issued for stock-based compensation plans, net of shares withheld for taxes
(139,799)
139,799 
Repurchased common stock
300,302 
(300,302)
Balance at end of 2024
542,347 
10,573,432 
Issued for stock-based compensation plans, net of shares withheld for taxes
(144,367)
144,367 
Repurchased common stock
582,389 
(582,389)
Balance at end of 2025
980,369 
10,135,410