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Equity Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2024
Equity Compensation Plans  
Summary of Stock Option Activity

A summary of stock option activity follows (aggregate intrinsic value in thousands):

Weighted

Weighted

Average

Average

Aggregate

Remaining

Number of

Exercise

Intrinsic

Contractual

    

Options

    

Price

    

Value

    

Term

Outstanding, October 1, 2023

 

198,333

$

8.85

$

1,864

 

1.19 years

Granted

 

 

 

 

Exercised

 

(33,400)

 

5.04

 

 

Forfeited

 

(6,000)

 

16.25

 

 

Outstanding, December 31, 2023 (1)

 

158,933

$

9.37

$

1,314

 

1.14 years

Granted

 

 

 

 

Exercised

 

(99,392)

 

10.00

 

 

Forfeited

 

(1,541)

 

16.25

 

 

Outstanding, December 31, 2024 (1)

 

58,000

$

8.11

$

835

 

0.82 years

(1)All outstanding options are fully vested and exercisable
Schedule of Information Related to the Stock Option Plan

    

Three Months Ended

Fiscal

Year Ended

December 31, 

Year Ended

December 31, 

(transition period)

September 30,

(in thousands)

2024

    

2023

    

2023

Intrinsic value of options exercised

  

$

736

$

414

$

103

Cash received from option exercises

 

103

 

168

 

106

Tax benefit from option exercises

 

229

 

145

 

36

Summary of Restricted Stock Awards Activity

    

    

Weighted-Average

Number of

 Grant Date Fair 

 

Shares

 

Value

Unvested, October 1, 2023

245,004

$

19.71

Granted

 

14,000

 

17.70

Vested

 

(2,934)

 

21.49

Forfeited

 

(3,568)

 

19.74

Unvested, December 31, 2023

 

252,502

$

19.58

Granted

 

59,911

 

17.13

Vested

 

(70,017)

 

19.58

Forfeited

 

(6,193)

 

19.74

Unvested, December 31, 2024

 

236,203

$

18.95

Summary of Restricted Stock Units Activity

    

    

Weighted-Average

Number of

 Grant Date Fair 

 

Shares

 

Value

Unvested, October 1, 2023

38,271

$

19.73

Granted

 

 

Vested

 

 

Forfeited

 

 

Unvested, December 31, 2023

 

38,271

$

19.73

Granted

 

 

Vested

 

 

Forfeited

 

 

Unvested, December 31, 2024

 

38,271

$

19.73