v3.26.1
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Cash Dividends Declared The following table details our cash dividends declared and paid in 2026 through the date hereof:
(Dollars in thousands)
Declaration DateRecord DatePayment DatePer Share Amount
Total Declared(1)
February 25, 2026March 16, 2026March 31, 2026$0.3125 $6,794 
April 29, 2026May 26, 2026June 24, 20260.3125 6,774 
Total$0.6250 $13,568 
(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 June 30,
For the Six Months Ended June 30,
(in thousands, except for share and per share amounts)2026202520262025
Numerator:
Net income$4,120 $4,552 $6,107 $9,748 
Denominator:
Basic weighted average common shares outstanding20,899,901 20,580,044 20,835,558 20,510,561 
Diluted weighted average common shares outstanding21,084,776 20,750,971 21,189,123 20,746,786 
Basic net income per common share$0.20 $0.22 $0.29 $0.48 
Diluted net income per common share
$0.20 $0.22 $0.29 $0.47 
Schedule of Activities Under Equity Plan
The following table summarizes the activities under the 2020 Equity Plan from January 1, 2026, through June 30, 2026:
 Activity
Total equity securities available at January 1, 2026
597,417 
RSU, DSU and restricted stock awarded to eligible employees, net of forfeitures
(507,033)
Total equity securities available at June 30, 2026
90,384 
The following table summarizes the activities under the ESPP from January 1, 2026 through June 30, 2026:
 Activity
Total ESPP equity securities available at January 1, 202664,254 
ESPP common stock purchased by eligible employees(18,922)
Total ESPP equity securities available at June 30, 202645,332 
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 six months ended June 30, 2026:
Shares
Weighted
Average Grant
Date Fair Value per Share
Unvested at January 1, 2026
815,209 $13.32 
Granted539,217 12.63 
Vested(435,222)10.40 
Forfeited(32,184)13.90 
Unvested at June 30, 2026
887,020 $14.31 
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 June 30,
For the Six Months Ended June 30,
(Dollars in thousands)2026202520262025
Performance-based RSUs$517 457 $1,059 $946 
Time-based RSUs and restricted stock
833 742 1,734 1,498 
ESPP32 24 60 49 
Total stock-based compensation$1,382 $1,223 $2,853 $2,493