STOCK INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2023

STOCK INCENTIVE PLAN

Schedule of transactions related to restricted stock units under 2016 plan

(in thousands, except share amounts)	Restricted Stock Units		Weighted Average Grant Date Fair Value
Nonvested at December 31, 2021	—	$	—
Granted	160,000		29.95
Vested	—		—
Forfeited	—		—
Nonvested at December 31, 2022	160,000	$	29.95
Granted	18,835		33.98
Vested	(32,000)		(29.95)
Forfeited	—		—
Nonvested at December 31, 2023	146,835	$	33.98

Schedule of additional data related to restricted share unit activity

(in thousands, except share amounts)	Restricted Stock Units		Weighted Average Grant Date Fair Value
Nonvested at December 31, 2021	—	$	—
Granted	160,000		29.95
Vested	—		—
Forfeited	—		—
Nonvested at December 31, 2022	160,000	$	29.95
Granted	18,835		33.98
Vested	(32,000)		(29.95)
Forfeited	—		—
Nonvested at December 31, 2023	146,835	$	33.98

The following table provides additional data related to restricted share unit activity:

(in thousands)		2023		2022		2021
Total compensation cost, net of estimated forfeitures, related to nonvested restricted share unit awards not yet recognized, pre tax	$	3,154	$	4,392	$	—
Weighted-average period in years over which restricted share and share unit cost is expected to be recognized (in years)		3.2		4.2		—
Total fair value of shares vested during the year	$	958	$	—	$	—