v3.26.1
Stockholders’ Equity
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stockholders’ Equity Stockholders’ Equity
Capital Stock 

The following table sets forth the Company’s authorized capital stock information:
MARCH 31
2026		DECEMBER 31
2025		MARCH 31
2025
Preferred stock, par value $0.01 per share
Preferred stock authorized5,000 5,000 5,000 
Preferred stock outstanding— — — 
Class A Common stock, par value $0.01 per share
Class A Common authorized70,000 70,000 70,000 
Class A Common issued (1)(2)
12,064 11,870 11,797 
Treasury Stock (3)
2,121 2,052 1,726 
Class B Common stock, par value $0.01 per share, convertible into Class A Common stock on a one-for-one basis
Class B Common authorized30,000 30,000 30,000 
Class B Common issued (1)
3,585 3,587 3,601 

(1) Class B Common converted to Class A Common were 2 and 2 shares during the three months ended March 31, 2026 and March 31, 2025, respectively.

(2) The Company issued Class A Common of 192 and 319 shares during the three months ended March 31, 2026 and March 31, 2025, respectively.

(3) On February 20, 2026 and February 21, 2025, a total of 14 and 39 mandatory cashless-exercise-award shares of Class A Common, respectively, were surrendered to the Company by the participants of our Executive Long-Term Equity Incentive Compensation Plan (the “Incentive Plan”) in order to satisfy the participants’ tax withholding obligations with respect to shares of Class A Common awarded under the Incentive Plan.

Stock Repurchase Program: In November 2025, the Company’s Board approved a stock repurchase program for the purchase of up to $25 million of the Company’s Class A Common outstanding starting January 1, 2026 and ending December 31, 2027. This program replaced the previous stock repurchase plan that started January 1, 2024 and ended December 31, 2025. During the three months ended March 31, 2026 and March 31, 2025, the Company repurchased 55,413 and 141,435 shares, respectively, at prevailing market prices for an aggregate purchase price of $0.9 million and $2.7 million, respectively. During the year ended December 31, 2025, the Company repurchased 467,804 shares for an aggregate purchase price of $8.3 million (excluding the 1% excise tax as a result of the Inflation Reduction Act of 2022). As of March 31, 2026, the Company had $24.1 million remaining authorized for repurchase.

Additionally, during the three months ended March 31, 2026 and March 31, 2025, the Company withheld shares for tax payments due upon issuance of stock to employees under the Incentive Plan. During the three months ended March 31, 2026 and March 31, 2025, the Company repurchased 13,575 and 39,121 shares, respectively, for an aggregate purchase price of $0.3 million and $0.7 million, respectively, pursuant to the Incentive Plan.

The total combined share repurchases from the stock repurchase program and the Incentive Plan during the three months ended March 31, 2026 and March 31, 2025 was 68,988 and 180,556 shares, respectively, for an aggregate purchase price of $1.2 million and $3.4 million, respectively.
Accumulated Other Comprehensive Loss: The following table summarizes changes in accumulated other comprehensive loss by component and related tax effects for periods shown:
 Foreign CurrencyDeferred Gain (Loss) on Cash Flow Hedging Pension Plan AdjustmentTotal
Balance, January 1, 2026$(8,365)$1,096 $489 $(6,780)
Other comprehensive income (loss)(290)383 — 93 
Reclassification adjustment to net income (loss)— 80 (6)74 
Tax effects— (133)— (133)
Balance, March 31, 2026$(8,655)$1,426 $483 $(6,746)
Balance, January 1, 2025$(12,279)$3,572 $130 $(8,577)
Other comprehensive income (loss)327 (861)— (534)
Reclassification adjustment to net income (loss)— (654)64 (590)
Tax effects— 415 (16)399 
Balance, March 31, 2025$(11,952)$2,472 $178 $(9,302)