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STOCK BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Changes in stock options outstanding
A summary of changes in stock options outstanding during the year ended December 31, 2023, is as follows:
 2023
 Number of
Options
(in thousands)		Weighted
average
exercise
price		Weighted
average
remaining
contractual life
(in years)		Aggregate
intrinsic
value (in
thousands)
Outstanding at beginning of year244 $17.35   
Granted5 12.58   
Exercised(2)5.72   
Expired(12)10.01   
Forfeit— — 
Outstanding at end of year235 $17.73 3.47$— 
Options exercisable at year end228 $17.77 3.30$— 
Assumptions used to calculate compensation expense and fair value of stock options granted
The following assumptions were used to calculate the fair value of stock options granted each year: 
 2023 2022 
Dividend yield:6.4%2.6 - 3.9%
Risk-free interest rate:4.0%2.9 - 3.4%
Expected market price volatility:66.5%63.6 - 64.9%
Weighted average expected life of stock options:4.5 years 4.5 years 
Share-based compensation expense
The Company recorded the following amounts related to the expense of the fair values of options during the years ended December 31, 2023 and 2022 (in thousands):
 2023 2022
Selling, general and administrative expenses and income from operations before income taxes$43 $78 
Benefit for income taxes(10)(18)
Effect on net income$33 $60 
Unrecognized compensation cost
As of December 31, 2023, the Company had less than $0.1 million of total unrecognized compensation expense related to stock options currently outstanding, to be recognized in future years over a weighted-average period of 0.95 years, ending December 31, as follows (in thousands):
 Total gross unrecognized
compensation expense		Total tax benefit associated
with unrecognized
compensation expense		Total net
unrecognized
compensation expense
2024$18 $4 $14 
20253 1 2 
 $21 $5 $16