Equity

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Equity

8.EQUITY

Loss per Share

The calculation of basic loss per share considers only weighted average outstanding common shares in the computation. The calculation of diluted earnings per share gives effect to all potentially dilutive stock options. The calculation of diluted earnings per share is based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options using the treasury stock method. Weighted average shares outstanding for the three and six months ended June 30, 2026 and 2025 were as follows:

	For the three months				For the six months
	ended June 30,				ended June 30,
Amounts in thousands	2026		2025		2026		2025
Weighted average common shares, basic		28,195		30,565		28,413		30,624
Dilutive effect of stock options		—		—		—		—
Weighted average common shares, diluted		28,195		30,565		28,413		30,624

The following stock options are anti-dilutive and have not been included in the weighted average shares outstanding calculation:

	For the three months				For the six months
	ended June 30,				ended June 30,
Amounts in thousands	2026		2025		2026		2025
Stock options		675		437		537		256

Common Stock Repurchase Program

Since March 2000, the Company has had a discretionary program to repurchase its outstanding common stock. Beginning in May 2025, the Company entered into 10b5-1 trading plans (the “Plans”) for the purpose of repurchasing shares of the Company’s outstanding common stock in accordance with the share repurchase program previously authorized by the Board. The Plans are intended to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. Repurchases of common stock under the Plans are being administered through an independent broker and are subject to certain price, market, volume and timing constraints specified in the Plans.

The Plan announced May 14, 2025 expired by its terms on July 31, 2025, the Plan announced August 11, 2025 expired by its terms on December 31, 2025, and the Plan announced on January 2, 2026 expired by its terms on May 10, 2026. The January 2, 2026 Plan authorized the repurchase of up to $1.5 million of shares of the Company’s outstanding common stock. During the three and six months ended June 30, 2026, the Company repurchased and retired 328,754 and 604,427 shares of the Company’s common stock for $0.5 million and $0.9 million, respectively, on the open market under the Plan. The Company has no currently effective Plans but may undertake additional stock repurchases in the future.