STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

Capital Stock

Our authorized capital stock consists of 250,000,000 shares of common stock, $0.001 par value per share, and 10,000,000 shares of preferred stock, $0.01 par value per share.

As of December 31, 2023 and 2022, there were 70,239,890 and 67,431,632 shares of common stock issued and outstanding, respectively. There were no shares of preferred stock issued and outstanding on either date.

Shares Repurchases

On May 24, 2022, the Company announced that the Board of Directors approved a new share repurchase program ("SRP") authorizing the Company to repurchase up to $50.0 million of its common stock. Pursuant to this authorization, the Company may repurchase shares of its common stock on a discretionary basis from time to time through open market purchases. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time. As of December 31, 2023, there was $38.7 million of the remaining authorization for future common stock repurchases under the SRP.

Table 11.1: Share Repurchase Program Activity
	For the Year Ended December 31,
	2023		2022
	(in thousands, except per share and share data)
Amounts paid for shares repurchased (1) (2)	$	—	$	11,284
Number of shares repurchased	—		1,550,162
Average per share price paid (1)	$	—	$	7.28

(1) Includes commission paid for repurchases on the open market.

(2) Includes $0.1 million of unpaid common stock repurchased paid in fiscal year 2023.

Accumulated Other Comprehensive Loss

Table 11.2: Details of Changes in Accumulated Other Comprehensive Loss by Category
	Foreign currency translation adjustment		Actuarial gain on pension liability adjustment		Total
	(in thousands)
Balance as of December 31, 2021	$	(134)	$	107	$	(27)
Other comprehensive loss before reclassification	(28)		—		(28)
Balance as of December 31, 2022	(162)		107		(55)
Other comprehensive loss before reclassification	(5)		—		(5)
Balance as of December 31, 2023	$	(167)	$	107	$	(60)