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Capital Management
12 Months Ended
Dec. 31, 2025
Text Block [Abstract]  
Capital Management

20. Capital Management

Share Repurchase Program—The Company’s board of directors initiated a share repurchase program in February 2010. In July 2025, our board of directors reauthorized this program with a limit of $25.0 million with no expiration date. As of December 31, 2025, $16.9 million was available for future repurchases under the share repurchase program. The repurchases may be effected from time to time pursuant to trading plans meeting the requirements of Rule 10b5-1 under the Exchange Act. The share repurchase program does not obligate the Company to repurchase any shares of the Company's common stock and may be modified, increased, suspended or terminated at the discretion of our board of directors. The board of directors' determination will depend on a variety of factors, including, but not limited to, market conditions and applicable regulatory considerations. It is anticipated that future repurchases will be funded from available capital.

During the year ended December 31, 2025, there were 291,289 shares repurchased under this program for $12.1 million, or an average price of $41.55, including commissions and excise tax.

During the year ended December 31, 2024, there were 113,411 shares repurchased under this program for $5.1 million, or an average price of $45.17, including commissions and excise tax.

During the year ended December 31, 2023, there were 46,741 shares repurchased under this program for $2.2 million, or an average price of $46.45, including commissions and excise tax.

Dividends—In 2013, the Company’s board of directors initiated a regular quarterly cash dividend. During 2025, the Company’s board of directors declared a quarterly cash dividend of $0.39 per share compared to $0.37 per share in 2024, and $0.34 per share in 2023. The Company declared special cash dividends totaling $1.00, $3.00 and $3.50 per share in 2025, 2024 and 2023, respectively.