Shareholders' Equity

9 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Shareholders' Equity

(9.) SHAREHOLDERS’ EQUITY

Common Stock

The changes in shares of common stock were as follows for the three and nine months ended September 30, 2024 and 2023:

	Outstanding			Treasury			Issued
2024
Shares at December 31, 2023		15,407,406			692,150			16,099,556
Restricted stock units released		60,989			(60,989	)		—
Treasury stock purchases		(21,446	)		21,446			—
Shares at March 31, 2024		15,446,949			652,607			16,099,556
Restricted stock awards issued		22,011			(22,011	)		—
Restricted stock forfeited		(1,000	)		1,000			—
Stock awards		4,141			(4,141	)		—
Restricted stock units released		500			(500	)		—
Treasury stock purchases		(206	)		206			—
Shares at June 30, 2024		15,472,395			627,161			16,099,556
Restricted stock units released		3,000			(3,000	)		—
Treasury stock purchases		(1,081	)		1,081			—
Shares at September 30, 2024		15,474,314			625,242			16,099,556
2023
Shares at December 31, 2022		15,340,001			759,555			16,099,556
Restricted stock units released		58,188			(58,188	)		—
Treasury stock purchases		(22,710	)		22,710			—
Shares at March 31, 2023		15,375,479			724,077			16,099,556
Restricted stock awards issued		20,185			(20,185	)		—
Stock awards		5,945			(5,945	)		—
Restricted stock units released		296			(296	)		—
Treasury stock purchases		(105	)		105			—
Shares at June 30, 2023		15,401,800			697,756			16,099,556
Restricted stock awards released		—			—			—
Treasury stock purchases		—			—			—
Shares at September 30, 2023		15,401,800			697,756			16,099,556

Share Repurchase Programs

In June 2022, the Company’s Board of Directors (the “Board”) authorized a share repurchase program for up to 766,447 shares of common stock (the “2022 Share Repurchase Program”). Repurchased shares are recorded in treasury stock, at cost, which includes any applicable transaction costs. As of September 30, 2024, no shares have been repurchased under the 2022 Share Repurchase Program.