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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Treasury Stock
Beginning balance at Dec. 31, 2023 $ (3,917) $ 23 $ 157,770 $ (160,790) $ (920)
Increase (Decrease) in Stockholders' Equity          
Net income 45,992     45,992  
Stock Appreciation Rights ("SAR") exercised and SAR awards 0   (81)   81
Stock-based compensation expense 52   52    
Tax benefit from exercise of stock based compensation (21)       (21)
Ending balance at Sep. 30, 2024 42,106 23 157,741 (114,798) (860)
Beginning balance at Jun. 30, 2024 24,765 23 157,737 (132,135) (860)
Increase (Decrease) in Stockholders' Equity          
Net income 17,337     17,337  
Stock Appreciation Rights ("SAR") exercised and SAR awards 0   (81)   81
Stock-based compensation expense 4   64   (60)
Tax benefit from exercise of stock based compensation 0   21   (21)
Ending balance at Sep. 30, 2024 42,106 23 157,741 (114,798) (860)
Beginning balance at Dec. 31, 2024 65,250 23 157,561 (91,511) (823)
Increase (Decrease) in Stockholders' Equity          
Net income 97,910     97,910  
Stock Appreciation Rights ("SAR") exercised and SAR awards 0   (268)   268
Stock-based compensation expense 326   326    
Repurchases to settle tax withholding obligations for stock-based compensation awards (1,032)       (1,032)
Ending balance at Sep. 30, 2025 162,454 23 157,619 6,399 (1,587)
Beginning balance at Jun. 30, 2025 135,651 23 157,775 (21,217) (930)
Increase (Decrease) in Stockholders' Equity          
Net income 27,616     27,616  
Stock Appreciation Rights ("SAR") exercised and SAR awards 0   (175)   175
Stock-based compensation expense 19   19    
Repurchases to settle tax withholding obligations for stock-based compensation awards (832)       (832)
Ending balance at Sep. 30, 2025 $ 162,454 $ 23 $ 157,619 $ 6,399 $ (1,587)