RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2025

RELATED PARTY TRANSACTIONS [ABSTRACT]

Related Party Transactions Disclosure [Text Block]

(16)RELATED PARTY TRANSACTIONS

The Company entered into an agreement under which Avion, LLC (“Avion”) and Airmax LLC (“Airmax”) provide certain aviation flight services as requested by the Company. Such services include the use of an aircraft and flight crew. Kenneth D. Tuchman, Chairman and Chief Executive Officer of the Company, has an indirect 100% beneficial ownership interest in Avion and Airmax. During the three months ended March 31, 2025 and 2024, the Company expensed $0.2 million and $0.1 million, respectively, to Avion and Airmax for services provided to the Company. There was $108 thousand in payments due and outstanding to Avion and Airmax as of March 31, 2025.

Ms. Michelle Swanback, President of the Company, is a member of the board of directors of WTW (NYSE:  WTW) (fka “Willis Towers Watson”), that provides compensation consulting and insurance brokerage services to the Company. During the three months ended March 31, 2024, the Company expensed $0.8 million for these services. Ms. Swanback resigned from the Company effective on December 31, 2024.