OTHER

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

OTHER

OTHER

Cash dividends

Dividends declared in the three months ended March 31, 2026 were as follows:

Dividend per share	Date declared	Date of record	Payment date
$0.0425	3/9/2026	5/1/2026	5/15/2026

During the three months ended March 31, 2026, the Company paid dividends of $1.0 million. This included payments made on February 13, 2026 of $0.9 million to stockholders of record on January 30, 2026 and payments of $0.1 million for dividends payable upon the vesting of restricted shares.

In the three months ended March 31, 2026, the Company reduced retained earnings for the accrual of $1.0 million relating to the dividend payable on May 15, 2026.

Stock repurchase program

On March 14, 2022, the Company announced that its Board of Directors authorized the repurchase of up to $20.0 million of the Company’s common stock, replacing the Company’s previously-authorized $10.0 million share repurchase program. The repurchase authorization permits the Company to effect repurchases from time to time through open market purchases and privately negotiated transactions. No shares were repurchased during the three months ended March 31, 2026. As of March 31, 2026, the remaining dollar amount available for repurchases under the Board of Directors’ authorized plan was $11.1 million.

Supplemental cash flow information

	Three Months Ended March 31,
	2026		2025
	(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest	$	4,049	$	4,286
Cash paid for taxes, net of refunds	128		211

Components of accumulated other comprehensive loss, net

	Three Months Ended March 31,
	2026		2025
	(in thousands)
Accumulated translation adjustment:
Balance at beginning of period	$	(17,698)	$	(18,384)
Translation adjustment during period	65		417
Balance at end of period	$	(17,633)	$	(17,967)
Accumulated deferred gains on cash flow hedges:
Balance at beginning of period	$	(44)	$	247
Change in unrealized gains (losses)	—		(192)
Amounts reclassified from accumulated other comprehensive loss:
Settlement of cash flow hedge (1)	68		63
Net change in cash flow hedges, net of taxes of $0, $0,	68		(129)
Balance at end of period	$	24	$	118
Accumulated effect of retirement benefit obligations:
Balance at beginning of period	$	(303)	$	(178)
Amounts reclassified from accumulated other comprehensive loss: (2)
Amortization of actuarial loss, net of taxes of $(2), $(1)	6		4
Balance at end of period	$	(297)	$	(174)
Total accumulated other comprehensive loss at end of period	$	(17,906)	$	(18,023)

(1)Amounts reclassified are recorded in cost of sales on the unaudited condensed consolidated statement of operations.

(2)Amounts are recorded in selling, general and administrative expense on the unaudited condensed consolidated statements of operations.