EQUITY |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Equity [Abstract] | |
| EQUITY | 5. EQUITY
Dividends Declared Per Common Share
On April 29, 2026, our Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock, totaling $5.1 million in the aggregate, which was paid on June 3, 2026 to shareholders of record as of the close of business on May 20, 2026. See Note 13, “Subsequent Events,” for information regarding additional dividends declared subsequent to the balance sheet date.
Share Repurchase Program
During the six months ended June 30, 2026, the Company repurchased 16,134 shares of common stock at an aggregate cost of $0.4 million under the 2025 Share Repurchase Program. Upon settlement of the repurchases, the acquired common shares reverted to authorized but unissued shares. The Company allocated the excess of the repurchase price over the par value of the shares acquired between Additional paid-in capital and Accumulated deficit. As of June 30, 2026, approximately $37.1 million remained available for future repurchases under the 2025 Share Repurchase Program. |
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- References No definition available.
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- Definition The entire disclosure for equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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