Company: PAMT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033356
Chunk: 58

Company: PAMT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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.8  $250,925   54.9  $347,748   63.4 
 Shipments to or from Mexico  $67,062   44.6  $71,287   39.0  $204,838   44.9  $199,496   36.4 
 Shipments to or from Canada  $283   0.2  $259   0.2  $977   0.2  $872   0.2 
 Total  $150,264   100.0  $182,577   100.0  $456,740   100.0  $548,116   100.0 

       10

   NOTE G: TREASURY STOCK
   The Company’s stock repurchase program has been extended and expanded several times, most recently in  July 2023, when the Board of Directors reauthorized 500,000 shares of common stock for repurchase under the initial  September 2011 authorization. As of  September 30, 2025, there remain 474,016 shares of common stock authorized for repurchase under this plan.
    
   On  April 3, 2025, the Company commenced a tender offer to repurchase up to 435,000 shares of the Company’s outstanding common stock at a price of not greater than $17.00 nor less than $14.00 per share. On  April 11, 2025, the Company amended the terms of the tender offer to increase the minimum purchase price for shares purchased in the tender offer to $14.50 per share. Following the expiration of the tender offer on  May 1, 2025, the Company accepted 870,000 shares of its common stock for purchase at $17.00 per share, at an aggregate purchase price of approximately $14.8 million, excluding fees and expenses related to the offer. The number of shares purchased by the Company reflects the Company’s right to purchase additional shares in the tender offer up to an additional 2% of its outstanding shares. The Company funded the purchase of the accepted shares tendered with available cash and accounted for the repurchase of these shares as treasury stock on the Company’s condensed consolidated balance sheet as of  September 30, 2025.
    
   The Company accounts for treasury stock using the cost method. As