Stockholders' Equity |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Equity [Abstract] | |
| Stockholders' Equity | STOCKHOLDERS’ EQUITY Common and Treasury Stock—Each share of Common Stock entitles its holder to one vote on matters required to be voted on by the stockholders of the Company and to receive dividends, when and if declared by the Company’s Board. As of September 30, 2026 and December 31, 2025, the Company held 8,193,897 and 7,104,376 shares, respectively, in treasury stock. On October 30, 2023, the Company's Board approved a share repurchase program (the "Repurchase Program") authorizing the Company to repurchase up to $40,000 of Common Stock. On April 28, 2025 and July 21, 2026, the Company's Board approved an additional $25,000 and $40,000, respectively, to the Repurchase Program, authorizing the Company to repurchase up to a total of $105,000 of the Company's Common Stock. There were no other changes made to the terms of the Repurchase Program for the quarter ended September 30, 2026. Shares of Common Stock may be repurchased under the Repurchase Program from time to time through open market purchases, block trades, private transactions or accelerated or other structured share repurchase programs. To the extent not retired, shares of Common Stock repurchased under the Repurchase Program are placed in the Company's treasury shares. The extent to which the Company repurchases shares of Common Stock, and the timing of such repurchases, depends upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations, as determined by the Company. The Repurchase Program has no time limit and may be suspended or discontinued at any time. The Company repurchased 690,630 shares under the Repurchase Program at a cost of $42,402 during the three months ended September 30, 2026. The Company repurchased 1,089,521 shares under the Repurchase Program at a cost of $62,410 during the nine months ended September 30, 2026. The Company repurchased 363,930 shares under the Repurchase Program at a cost of $11,269 during the year ended December 31, 2025. As of September 30, 2026, the Company had $18,517 remaining under the Repurchase Program. In connection with the acquisition of Copra, the Company issued shares of its common stock to the former owners of Copra with an aggregate fair value of approximately $35,000 as of the acquisition date. The fair value of the shares issued was included as part of the consideration transferred in the business combination. See Note 3, Business Combination, for additional information regarding the acquisition.
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