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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure [Table]      
Pay vs Performance Disclosure, Table
Pay Versus Performance
 

The following table shows, for the last three fiscal years, the total compensation paid to our named executive officers as reflected in our Summary Compensation Table (the “SCT”), “compensation actually paid” to our named executed officers (as determined in accordance with applicable rules), our total shareholder return (“TSR”), and our net income.
 

The information provided under the heading “Pay versus Performance” shall not be considered “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except to the extent that we specifically incorporate it by reference into a filing.
 
 Year
 Total
Compensation Per
SCT Paid to
Principal
Executive Officer
(1) ($)
 Compensation
Actually Paid to
Principal
Executive Officer
(2) ($)
 Average
Compensation
Total for Non-
Principal
Executive Officer -
NEOs (3) ($)
 Average
Compensation
Actually Paid to
Non-Principal
Executive Officer -
NEOs (4) ($)
 Value of Initial
Fixed $100
Investment Based
on Total
Shareholder
Return (5) ($)
 Net Income (in
thousands) (6) ($)
2024
               2,557,645
               4,365,629
               1,206,672
               1,904,289
                        212
                      9,891
2023
               2,458,683
               4,021,370
               1,074,279
               1,687,803
                        154
                    25,997
2022
               1,740,984
                  842,209
                  824,827
                  386,446
                          89
                    12,634


(1)
The dollar amounts reported are the amounts of total compensation reported for Scott M. Shaw, our President and Chief Executive Officer, recognized as our Principal Executive Officer for these purposes for each corresponding year in the “Total” column of the Summary Compensation Table.
 
(2)
The dollar amounts reported represent the amount of “compensation actually paid” to Mr. Shaw, as computed in accordance with Item 402(v) of Regulation S-K. In accordance with the requirements of Item 402(v) of Regulation S-K, the following table sets forth the adjustments made to Mr. Shaw’s total compensation for each year to determine the “compensation actually paid”.  Mr. Shaw holds no stock options, no awards were modified during the year, and no dividends or other earnings were paid during the year prior to the vesting date of an award.
 
(3)
The dollar amounts reported represent the average of the amounts reported for our named executive officers, NEOs, excluding Mr. Shaw, in the “Total” Column of the Summary Compensation Table for each corresponding year. The NEOs, excluding Mr. Shaw, included for purposes of calculating the average amounts in each applicable year are Mr. Meyers and Mr. Nyce.
 
(4)
The dollar amounts reported represent the average of the amounts of “compensation actually paid” to our NEOs, excluding Mr. Shaw, as computed in accordance with Item 402(v) of Regulation S-K. In accordance with the requirements of Item 402(v) of Regulation S-K, the following table sets forth the adjustments made to our NEOs’ total compensation, excluding Mr. Shaw for each year to determine the “compensation actually paid”.  Neither of Messrs. Meyers or Nyce holds any options, no awards were modified during the year, and no dividends or other earnings were paid during the year prior to the vesting date of an award.
 
 (5)
The dollar amounts reported represent the value of an initial fixed investment of $100 and are calculated by dividing the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the closing stock price of the Company’s Common Stock at the end and at the beginning of the measurement period, by the closing stock price of our Common Stock at the beginning of the measurement period.  The closing stock price of the Company’s Common Stock on the last trading day in December in each of 2024, 2023 and 2022 was $15.82, $10.04 and $5.79, respectively. There were no dividends in any of such years.

(6)
The dollar amounts reported represent the amount of net income reflected in our consolidated audited financial statements for the applicable year.
 
The following table reconciles total compensation per the SCT compared with “compensation actually paid” to the Principal Executive Officer and Non-Principal Executive Officer NEOs:
 
Adjustments to Determine “Compensation Actually Paid” to the Principal Executive Officer
Year
Total
Compensation
Per SCT ($)
Deduct
Amounts
Reported as
Stock Awards
in SCT($)
Add Year-end
Value of
Unvested Equity
Awards Granted
in Year ($)
Change in
Value of
Unvested Equity
Awards Granted
in Prior Years
($)
Change in
Value of Equity
Awards Granted
in Prior Years
Which Vested
in Year ($)
Deduct Prior
Year-end Fair
Value of
Awards Granted
in Prior Years
That Failed to
Meet the
Vesting
Conditions in
Year ($)
Total
Compensation
Actually Paid
($)
2024
2,557,645
(1,200,000)
1,973,387
1,042,504
(7,907)
-
4,365,629
2023
2,458,683
(1,200,000)
1,959,025
777,380
26,282
-
4,021,370
2022
1,740,984
(1,100,000)
873,665
(264,053)
(6,979)
(401,408)
842,209

Adjustments to Determine Average “Compensation Actually Paid” to the Non-Principal Executive Officer NEOs
Year
Average
Compensation
Per SCT ($)
Deduct
Amounts
Reported as
Stock Awards
in SCT ($)
Add Year-end
Value of
Unvested Equity
Awards Granted
in Year ($)
Change in
Value of
Unvested Equity
Awards Granted
in Prior Years
($)
Change in
Value of Equity
Awards Granted
in Prior Years
Which Vested
in Year ($)
Deduct Prior
Year-end Fair
Value of
Awards Granted
in Prior Years
That Failed to
Meet the
Vesting
Conditions in
Year ($)
Average
Compensation
Actually Paid
($)
2024
1,206,672
(500,000)
822,260
378,587
(3,231)
-
1,904,289
2023
1,074,279
(425,000)
693,814
327,968
16,742
-
1,687,803
2022
824,827
(425,000)
337,552
(165,627)
(5,948)
(179,358)
386,446
   
Named Executive Officers, Footnote
(1)
The dollar amounts reported are the amounts of total compensation reported for Scott M. Shaw, our President and Chief Executive Officer, recognized as our Principal Executive Officer for these purposes for each corresponding year in the “Total” column of the Summary Compensation Table.
(3)
The dollar amounts reported represent the average of the amounts reported for our named executive officers, NEOs, excluding Mr. Shaw, in the “Total” Column of the Summary Compensation Table for each corresponding year. The NEOs, excluding Mr. Shaw, included for purposes of calculating the average amounts in each applicable year are Mr. Meyers and Mr. Nyce.
   
PEO Total Compensation Amount $ 2,557,645 $ 2,458,683 $ 1,740,984
PEO Actually Paid Compensation Amount $ 4,365,629 4,021,370 842,209
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts reported represent the amount of “compensation actually paid” to Mr. Shaw, as computed in accordance with Item 402(v) of Regulation S-K. In accordance with the requirements of Item 402(v) of Regulation S-K, the following table sets forth the adjustments made to Mr. Shaw’s total compensation for each year to determine the “compensation actually paid”.  Mr. Shaw holds no stock options, no awards were modified during the year, and no dividends or other earnings were paid during the year prior to the vesting date of an award.
The following table reconciles total compensation per the SCT compared with “compensation actually paid” to the Principal Executive Officer and Non-Principal Executive Officer NEOs:
 
Adjustments to Determine “Compensation Actually Paid” to the Principal Executive Officer
Year
Total
Compensation
Per SCT ($)
Deduct
Amounts
Reported as
Stock Awards
in SCT($)
Add Year-end
Value of
Unvested Equity
Awards Granted
in Year ($)
Change in
Value of
Unvested Equity
Awards Granted
in Prior Years
($)
Change in
Value of Equity
Awards Granted
in Prior Years
Which Vested
in Year ($)
Deduct Prior
Year-end Fair
Value of
Awards Granted
in Prior Years
That Failed to
Meet the
Vesting
Conditions in
Year ($)
Total
Compensation
Actually Paid
($)
2024
2,557,645
(1,200,000)
1,973,387
1,042,504
(7,907)
-
4,365,629
2023
2,458,683
(1,200,000)
1,959,025
777,380
26,282
-
4,021,370
2022
1,740,984
(1,100,000)
873,665
(264,053)
(6,979)
(401,408)
842,209
   
Non-PEO NEO Average Total Compensation Amount $ 1,206,672 1,074,279 824,827
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,904,289 1,687,803 386,446
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported represent the average of the amounts of “compensation actually paid” to our NEOs, excluding Mr. Shaw, as computed in accordance with Item 402(v) of Regulation S-K. In accordance with the requirements of Item 402(v) of Regulation S-K, the following table sets forth the adjustments made to our NEOs’ total compensation, excluding Mr. Shaw for each year to determine the “compensation actually paid”.  Neither of Messrs. Meyers or Nyce holds any options, no awards were modified during the year, and no dividends or other earnings were paid during the year prior to the vesting date of an award.
The following table reconciles total compensation per the SCT compared with “compensation actually paid” to the Principal Executive Officer and Non-Principal Executive Officer NEOs:
Adjustments to Determine Average “Compensation Actually Paid” to the Non-Principal Executive Officer NEOs
Year
Average
Compensation
Per SCT ($)
Deduct
Amounts
Reported as
Stock Awards
in SCT ($)
Add Year-end
Value of
Unvested Equity
Awards Granted
in Year ($)
Change in
Value of
Unvested Equity
Awards Granted
in Prior Years
($)
Change in
Value of Equity
Awards Granted
in Prior Years
Which Vested
in Year ($)
Deduct Prior
Year-end Fair
Value of
Awards Granted
in Prior Years
That Failed to
Meet the
Vesting
Conditions in
Year ($)
Average
Compensation
Actually Paid
($)
2024
1,206,672
(500,000)
822,260
378,587
(3,231)
-
1,904,289
2023
1,074,279
(425,000)
693,814
327,968
16,742
-
1,687,803
2022
824,827
(425,000)
337,552
(165,627)
(5,948)
(179,358)
386,446
   
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Cumulative TSR

The following graph provides a description of the relationship between the amount of “compensation actually paid” to Mr. Shaw and the average amount of “compensation actually paid” to the Company’s NEOs as a group (excluding Mr. Shaw) to the Company’s Cumulative Total Shareholder Return (“TSR”) over the three years presented in the Pay Versus Performance table.

graphic
   
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income
 
The following graph provides a description of the relationship between the amount of “compensation actually paid” to Mr. Shaw and the average amount of “compensation actually paid” to the Company’s NEOs as a group (excluding Mr. Shaw) to the Company’s net income over the three years presented in the Pay Versus Performance table.
 
graphic
 
   
Total Shareholder Return Amount $ 212 154 89
Net Income (Loss) $ 9,891,000 $ 25,997,000 $ 12,634,000
PEO Name Scott M. Shaw Scott M. Shaw Scott M. Shaw
Stock price $ 15.82 $ 10.04 $ 5.79
PEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (1,200,000) $ (1,200,000) $ (1,100,000)
PEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,973,387 1,959,025 873,665
PEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,042,504 777,380 (264,053)
PEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (7,907) 26,282 (6,979)
PEO [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 (401,408)
PEO [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (500,000) (425,000) (425,000)
Non-PEO NEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 822,260 693,814 337,552
Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 378,587 327,968 (165,627)
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (3,231) 16,742 (5,948)
Non-PEO NEO [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 (179,358)
Non-PEO NEO [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 0 $ 0