Stockholders Equity |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2025 | ||||
| Equity [Abstract] | ||||
| Stockholders Equity |
Our decision to declare dividends on common stock is determined on an annual basis following the end of each year. In accordance with that policy, no dividends on our common stock were declared for 2025, 2024, or 2023. Future distributions to common stockholders will be determined in light of conditions then existing, including our financial condition and requirements, future prospects, restrictions in financing agreements, business conditions and other factors deemed relevant by our board of directors.
We have a stock repurchase program that allows for the repurchase of up to shares of our common stock. This repurchase program has no termination date. We repurchased and shares during the years ended December 31, 2023 and 2024, respectively. As of December 31, 2025, there are shares remaining that can be repurchased.
On December 16, 2024, TCI announced an offer ("Tender Offer") to purchase up to shares of our outstanding common shares at a price of $ per share, subject to certain conditions. The Tender Offer was completed on January 29, 2025, which resulted in the acquisition of of our common shares. Upon completion of the Tender Offer, TCI ownership of our shares increased to 83.7%. TCI subsequently purchased an additional of our common shares in the open market during the remainder of the year for an additional cost of $583.
TCI owned approximately 84.6% and 83.2% of our common shares at December 31, 2025 and December 31, 2024, respectively. |