SHAREHOLDERS' EQUITY |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Equity [Abstract] | |
| SHAREHOLDERS' EQUITY | SHAREHOLDERS’ EQUITY Common Stock Repurchase Plan On June 14, 2023, the Company announced an authorized common stock share repurchase plan, providing for the repurchase of up to 550,000 shares of the Company’s outstanding common stock, or approximately 3% of its then outstanding common stock shares. On May 1, 2025, the Company announced an increase in the number of common stock shares authorized for repurchase to up to 1,600,000 shares. Repurchases under the program may occur from time to time in open market transactions, in privately negotiated transactions, or by other means in accordance with federal securities laws and other restrictions. The Company intends to fund its repurchases from available working capital and cash provided by operating activities. The timing of repurchases, as well as the number of common stock shares repurchased, will depend on a variety of factors, including price; trading volume; business, economic and general market conditions; and the terms of any Rule 10b5-1 plan adopted by the Company. The repurchase program has no expiration date and may be suspended, modified, or terminated at any time without prior notice. There were 102,594 and 512,509 common stock shares repurchased at a weighted average market price of $19.46 and $18.36 and a total cost of $2.0 million and $9.4 million under this common stock share repurchase plan during the three and six months ended June 30, 2026. There were no shares of common stock repurchased under this share repurchase plan during the three and six months ended June 30, 2025. The remaining maximum number of common stock shares authorized to be repurchased under this program was 875,563 shares at June 30, 2026
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