Annual report [Section 13 and 15(d), not S-K Item 405]

Stock Repurchases

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Stock Repurchases
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Stock Repurchases Stock Repurchases
On November 20, 2025, the Company’s board of directors authorized a plan to repurchase up to $75.0 million of the Company’s common stock over a period ending November 20, 2028. The amount and timing of repurchases are subject to a variety of factors including liquidity, share price, market conditions, and legal requirements. Any purchases have been and will be funded from available working capital and may be effected through open market purchases, block transactions, and privately
negotiated transactions. The share repurchase program does not obligate the Company to make any repurchases and may be modified, suspended, or terminated by the Company at any time without prior notice.
During the year ended December 31, 2025, the Company repurchased and retired 1,143,891 shares of its common stock at a weighted average price of $17.46 per share at an aggregate value of approximately $20.0 million under the repurchase program. As of December 31, 2025, approximately $55.0 million remained available for repurchase under the program.