Shareholders' equity |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity [Abstract] | |
| Shareholders' equity | 7. Shareholders' equity Common stock and treasury stock As of March 31, 2026 and December 31, 2025, the number of issued shares of common stock was 14,112,391 and 14,151,350, respectively, which included shares of treasury stock of 500 and 0, respectively. The changes in the number of issued shares of common stock and treasury stock were due to the following factors: • An aggregate of 34,659 shares of common stock were issued as a result of the vesting of RSUs, of which, 10,618 shares of common stock were withheld to pay withholding taxes upon such vesting, which were reflected in treasury stock, with a cost of $498. All 10,618 shares of treasury stock were retired during the three months ended March 31, 2026. • During the three months ended March 31, 2026, the Company repurchased 63,500 shares of common stock under the Stock Repurchase Program, as defined below, which was reflected in treasury stock, with a cost of $2,704. Related treasury stock of 63,000 shares, with a cost of $2,687, was retired during the three months ended March 31, 2026, resulting in a treasury stock balance of $17 as of March 31, 2026. On May 2, 2022, the Company's Board of Directors authorized a stock repurchase program to repurchase the Company's common stock from time to time through open market purchases, privately negotiated transactions or other means, including pursuant to Rule 10b5-1 trading plans, which was subsequently amended on each of December 19, 2023, March 28, 2024, and November 3, 2025, bringing the total authorization to $30.0 million (the "Stock Repurchase Program"). The Stock Repurchase Program does not obligate the Company to repurchase any shares and may be modified, suspended, or terminated at any time at the discretion of the Board of Directors.
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