Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2026

The following table details our cash dividends declared and paid in 2026 through the date hereof:


					(Dollars in thousands)
Declaration Date	Record Date	Payment Date	Per Share Amount		Total Declared(1)

February 25, 2026	March 16, 2026	March 31, 2026	$	0.3125	$	6,794



Total			$	0.3125	$	6,794

(1) The total declared reflects the cash dividends declared in relation to common stock, deferred stock units ("DSUs"), unvested restricted stock and unvested RSUs.

Schedule of Basic and Diluted Net Income Per Common Shares

The components of basic and diluted net income per common share were as follows for the periods stated:


	For the Three Months Ended March 31,
(in thousands, except for share and per share amounts)	2026		2025

Numerator:
Net income	$	1,987	$	5,196

Denominator:
Basic weighted average common shares outstanding	20,770,505		20,440,306
Diluted weighted average common shares outstanding	21,141,838		20,656,794
Basic net income per common share	$	0.10	$	0.25
Diluted net income per common share	$	0.09	$	0.25

Schedule of Activities Under Equity Plan

The following table summarizes the activities under the 2020 Equity Plan from January 1, 2026, through March 31, 2026:


			Activity

Total equity securities available at January 1, 2026			597,417

RSU, DSU and restricted stock awarded to eligible employees, net of forfeitures			(525,234)
Total equity securities available at March 31, 2026			72,183

The following table summarizes the activities under the ESPP from January 1, 2026 through March 31, 2026:


			Activity

Total ESPP equity securities available at January 1, 2026			64,254
ESPP common stock purchased by eligible employees			—
Total ESPP equity securities available at March 31, 2026			64,254

Schedule of Outstanding RSUs

The following table details activities with respect to outstanding RSUs, DSUs, and restricted stock under the 2020 Equity Plan for the three months ended March 31, 2026:


	Shares	Weighted Average Grant Date Fair Value per Share

Unvested at January 1, 2026	815,209	$	13.32
Granted	525,802	12.73
Vested	(427,617)	10.29
Forfeited	(568)	13.19
Unvested at March 31, 2026	912,826	$	14.40

Schedule of Stock Based Compensation Expense

The following table reflects the items for stock-based compensation expense in the Condensed Consolidated Statements of Operations for the periods stated:


	For the Three Months Ended March 31,
(Dollars in thousands)	2026		2025

Performance-based RSUs	$	542	489
Time-based RSUs and restricted stock	901		756
ESPP	28		25
Total stock-based compensation	$	1,471	$	1,270