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EMPLOYEE STOCK PURCHASE PLAN
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
EMPLOYEE STOCK PURCHASE PLAN EMPLOYEE STOCK PURCHASE PLAN
The InTest Corporation Employee Stock Purchase Plan (the “ESPP”) was adopted by the Board in April 2021 subject to approval by our stockholders, which occurred on June 23, 2021, at our Annual Meeting of Stockholders and became effective on October 1, 2021.
The ESPP provides our eligible employees with an opportunity to purchase common stock through accumulated payroll deductions at a 15% discount from the closing market price on the purchase date. The discount is recorded as a component of compensation expense in our consolidated statements of operations. The ESPP provides that an aggregate of up to 250,000 shares of our common stock will be available for issuance under the ESPP. The shares of our common stock purchasable under the ESPP will be shares of authorized but unissued or reacquired shares, including shares repurchased by us on the open market.
The activity in our ESPP was as follows:
Three Months Ended March 31,
(in thousands except shares and per share amounts)20252024
Shares purchased5,374 4,104 
Closing market price per share$6.99 $13.25 
Purchase price per share$5.94 $11.26 
Total cost of shares$32 $46 
Total discount (compensation expense)$6 $8