Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Schedule of Cash Dividends Declared

The following table details our cash dividends declared and paid in 2025 through the date hereof:

					(Dollars in thousands)
Declaration Date	Record Date	Payment Date	Per Share Amount		Total Declared(1)
February 26, 2025	March 14, 2025	March 31, 2025	$	0.3125	$	6,641
Total			$	0.3125	$	6,641

(1) The total declared reflects the cash dividends declared in relation to common stock, deferred stock units ("DSUs"), unvested restricted stock and unvested RSUs.

Schedule of Basic and Diluted Net Income Per Common Shares

The components of basic and diluted net income per common share were as follows for the periods stated:

	For the Three Months Ended March 31,
(in thousands, except for share and per share amounts)	2025		2024
Numerator:
Net income	$	5,196	$	4,236
Denominator:
Basic weighted average common shares outstanding	20,440,306		20,170,548
Diluted weighted average common shares outstanding	20,656,794		20,446,587
Basic and diluted net income per common share	$	0.25	$	0.21

Schedule of Activities Under Equity Plan

The following table summarizes the activities under the 2020 Equity Plan from January 1, 2025, through March 31, 2025:

	Activity
Total equity securities available at January 1, 2025	962,044
RSU, DSU and restricted stock awarded to eligible employees, net of forfeitures	(350,584)
Total equity securities available at March 31, 2025	611,460

The following table summarizes the activities under the ESPP from January 1, 2025 through March 31, 2025:

	Activity
Total ESPP equity securities available at January 1, 2025	88,007
ESPP common stock purchased by eligible employees	—
Total ESPP equity securities available at March 31, 2025	88,007

Summary of Outstanding RSUs

The following table details activities with respect to outstanding RSUs, DSUs, and restricted stock under the 2020 Equity Plan for the three months ended March 31, 2025:

	Shares	Weighted Average Grant Date Fair Value per Share
Unvested at January 1, 2025	928,522	$	10.81
Granted	353,002	14.91
Vested	(453,365)	9.50
Forfeited	(2,418)	15.85
Unvested at March 31, 2025	825,741	$	13.27

Schedule of Stock Based Compensation Expense

The following table reflects the items for stock-based compensation expense in the Condensed Consolidated Statements of Operations for the periods stated:

	For the Three Months Ended March 31,
(Dollars in thousands)	2025		2024
Performance-based RSUs	$	489	$	461
Time-based RSUs, DSUs and restricted stock	756		667
ESPP	25		20
Total stock-based compensation	$	1,270	$	1,148