SHAREHOLDERS' EQUITY |
12 Months Ended | ||
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Dec. 31, 2025 | |||
| SHAREHOLDERS' EQUITY | |||
| SHAREHOLDERS' EQUITY |
Secondary Offering On March 19, 2024, the Company completed a secondary offering in which the Company issued and sold 2,200,000 shares of common stock at a price of $35.00 per share. The Company’s net proceeds from the sale of shares were $72,813 after underwriter discounts and commissions, fees and expenses of $4,187. On April 1, 2024, the underwriters exercised the full amount of their over-allotment option and purchased an additional 545,719 shares of common stock at a price of $35.00 per share, resulting in net proceeds to the Company of $18,280 after underwriter discounts and commissions, fees and expenses of $820. Dividends On January 21, 2025, the Company announced that its board of directors approved the continuation of a quarterly cash dividend policy of $0.095 per share of the Company’s common stock, or $0.38 per share on an annualized basis, representing an increase of 3 cents over the previous annualized dividend of $0.35 per share. The declaration and payment of future quarterly cash dividends is subject to the discretion of and approval of the Company’s board of directors. Our cash dividends totaled $15,448, $13,948 and $12,006 for the years ended December 31, 2025, 2024 and 2023, respectively. |