Equity

3 Months Ended

Mar. 31, 2025

Equity

Equity

13.  Equity

The following table reconciles our equity for the three months ended March 31, 2025:

							Accumulated
			Capital in				Other
	Common		Excess of		Reinvested		Comprehensive
	Stock		Par Value		Earnings		Loss
	(Dollars in thousands)
Balance, January 1, 2025	$	9,643	$	72,577	$	181,299	$	(17,934)
Net earnings		—		—		5,543		—
Foreign currency translation adjustments		—		—		—		192
Pension liability adjustment, net of tax		—		—		—		41
Cash dividends declared ($0.26 per share)		—		—		(2,506)		—
Stock options exercised, net of shares withheld for employee taxes and strike price		1		(1)		—		—
Share-based compensation expense		—		427		—		—
Shares purchased and retired		(25)		—		(707)		—
Balance, March 31, 2025	$	9,619	$	73,003	$	183,629	$	(17,701)

The following table reconciles our equity for the three months ended March 31, 2024:

							Accumulated
			Capital in				Other
	Common		Excess of		Reinvested		Comprehensive
	Stock		Par Value		Earnings		Loss
	(Dollars in thousands)
Balance, January 1, 2024	$	9,497	$	71,661	$	180,646	$	(17,311)
Net earnings		—		—		6,650		—
Foreign currency translation adjustments		—		—		—		(1,092)
Pension liability adjustment, net of tax		—		—		—		73
Cash dividends declared ($0.25 per share)		—		—		(2,377)		—
Stock options exercised, net of shares withheld for employee taxes and strike price		11		(12)		—		—
Share-based compensation expense		—		367		—		—
Shares purchased and retired		—		—		(5)		—
Balance, March 31, 2024	$	9,508	$	72,016	$	184,914	$	(18,330)