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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Impact of ASU 2016-13 adoption
[1]
Balance at January 1, 2023 (as adjusted for change in accounting principle)
Shares Common Stock
Shares Common Stock
Balance at January 1, 2023 (as adjusted for change in accounting principle)
Additional Paid-In Capital
Additional Paid-In Capital
Balance at January 1, 2023 (as adjusted for change in accounting principle)
Retained Earnings
Retained Earnings
Impact of ASU 2016-13 adoption
[1]
Retained Earnings
Balance at January 1, 2023 (as adjusted for change in accounting principle)
Accumulated Other Comprehensive Income/(Loss)
Accumulated Other Comprehensive Income/(Loss)
Balance at January 1, 2023 (as adjusted for change in accounting principle)
Balance at beginning (in shares) at Dec. 31, 2022       9,495,440 9,495,440              
Balance at beginning at Dec. 31, 2022 $ 240,864 $ (5,319) $ 235,545     $ 190,494 $ 190,494 $ 51,887 $ (5,319) $ 46,568 $ (1,517) $ (1,517)
Increase (Decrease) in Stockholders' Equity                        
Net income 5,225             5,225        
Other comprehensive income, net of tax and reclassifications 319                   319  
Dissolution of RSI entity 0         751   (751)        
Settlement of share awards (in shares)       73,483                
Settlement of share awards (439)         (439)            
Options exercised (in shares)       12,260                
Options exercised 245         245            
Stock-based compensation $ 1,843         1,843            
Balance at ending (in shares) at Dec. 31, 2023 9,581,183     9,581,183                
Balance at ending at Dec. 31, 2023 $ 242,738         192,894   51,042     (1,198)  
Increase (Decrease) in Stockholders' Equity                        
Net income 8,473             8,473        
Other comprehensive income, net of tax and reclassifications 420                   420  
Repurchase of common stock (in shares)       (5,501)                
Repurchase of common stock (89)         (89)            
Settlement of share awards (in shares)       91,460                
Settlement of share awards (706)         (706)            
Stock-based compensation $ 1,486         1,486            
Balance at ending (in shares) at Dec. 31, 2024 9,667,142     9,667,142                
Balance at ending at Dec. 31, 2024 $ 252,322         $ 193,585   $ 59,515     $ (778)  
[1] Refer to Note 1 – Organization and Summary of Significant Accounting Policies for further information.