v3.25.4
Share Repurchase Plan
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Share Repurchase Plan Stock Repurchase Plan
On March 11, 2024, the Company announced that its Board of Directors approved a stock repurchase program authorizing the Company to repurchase up to $7,500,000 of its outstanding shares of common stock. Repurchases of shares of common stock under the stock repurchase program are made in the open market and in accordance with applicable securities laws. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company’s discretion. There were 201,999 shares with an average stock price of $15.71 repurchased under the repurchase program during the year ended December 31, 2025, totaling $3,174,000. There were 172,043 shares with an average stock price of $17.09 repurchased under the repurchase program during the year ended December 31, 2024, totaling $2,939,000.
Accumulated Other Comprehensive Income
The following table presents changes in Accumulated Other Comprehensive Income by component, net of tax, for the years ended December 31, 2025 and 2024 (in thousands):
Hedging
 Derivative
 Activities
Post
Retirement Benefit Plan Items(A)
Total
2024:
Balance at January 1, 2024$901 $4,400 $5,301 
Other comprehensive income before reclassifications
(3,042)(550)(3,592)
Amounts reclassified from accumulated other comprehensive income
309 (686)(377)
Income tax (expense) benefit
578 382 960 
Balance at December 31, 2024$(1,254)$3,546 $2,292 
2025:
Balance at January 1, 2025$(1,254)$3,546 $2,292 
Other comprehensive income before reclassifications
3,118 10 3,128 
Amounts reclassified from accumulated other comprehensive income
(452)(577)(1,029)
Income tax (expense) benefit
(562)109 (453)
Balance at December 31, 2025$850 $3,088 $3,938 
(A) The effect of post-retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in other income and expense on the Consolidated Statements of Operations. These Accumulated Other Comprehensive Income components are included in the computation of net periodic benefit cost (see Note 14 - Post Retirement Benefits and Note 16 - Fair Value of Financial Instruments for additional details). The tax effect of post retirement benefit items reclassified from Accumulated Other Comprehensive Income is included in income tax expense on the Consolidated Statements of Operations.