Note 13 - Equity |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||
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| Equity [Text Block] |
Note 13—Equity
Dividend Payments
The following table summarizes the quarterly dividends declared and paid by the Company on its Class A and Class B common stock during the six months ended June 30, 2026 (in thousands, except per share amounts):
On , the Company’s Board of Directors declared a quarterly dividend of $0.0750 per share on its Class A common stock and Class B common stock for the second quarter of 2026. The dividend will be paid on or about to stockholders of record as of the close of business on .
Stock Repurchases and Redemption; Treasury Shares
On March 11, 2013, the Board of Directors of the Company approved a program for the repurchase of up to an aggregate of 7.0 million shares of the Company’s Class B common stock. In the three and six months ended June 30, 2026, the Company acquired 47,672 Class B common stock under the stock purchase program for an aggregate amount of $0.7 million. In the three months ended June 30, 2025, the Company acquired 158,874 Class B common stock under the stock purchase program for an aggregate amount of $2.7 million. In the six months ended June 30, 2025, the Company acquired 286,137 Class B common stock under the stock purchase program for an aggregate amount of $4.6 million. At June 30, 2026, 3.4 million shares of Class B common stock remained available for repurchase under the stock repurchase program.
As of June 30, 2026 and December 31, 2025, there were 4.6 million outstanding shares of Class B common stock held in the Company's treasury, with a cost basis of $49.5 million and $48.3 million, respectively, at a weighted average cost per share of $10.80 and $10.75, respectively.
Purchase of Equity of Subsidiary
In the fourth quarter of 2025, the Company purchased from a certain investor an 8.4% equity interest in Roded for $0.3 million, increasing its interest in Roded to 71.0%.
Stock-Based Compensation
As of June 30, 2026, there was $2.7 million of unrecognized stock-based compensation costs related to outstanding and unvested equity-based grants. These costs are expected to be recognized over a weighted-average period of approximately 1.2 years.
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