Pay vs Performance Disclosure - USD ($) | 12 Months Ended |
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Pay vs Performance Disclosure | | | | | |
Pay vs Performance Disclosure, Table | Average Average Summary Summary Compensation Compensation Value of Initial Fixed $100 Table Total Actually Paid Investment Based On: Summary Summary Compensation for Non-PEO to Non-PEO Peer Group Compensation Compensation Compensation Actually Paid Named Named Total Total Net Table Total Table Total Actually Paid to second Executive Executive Shareholder Shareholder Income EBITDA (6) Year for first PEO (1) for second PEO (1) to first PEO (2) (4) PEO (2) (4) Officers (1) Officers (3) (4) Return Return (5) (in thousands) (in thousands) 2024 $ — $ 1,327,875 $ — $ 1,067,706 $ 646,672 $ 544,422 $ 83 $ 117 $ 17,853 $ 21,052 2023 — 1,463,400 — 1,438,500 705,300 698,672 92 168 41,695 51,618 2022 1,006,111 1,359,558 990,535 1,360,405 421,673 431,123 91 132 40,347 53,701 2021 1,254,878 — 1,152,819 — 905,219 823,780 92 183 29,026 38,208 2020 1,113,750 — 1,107,375 — 687,524 801,066 104 138 19,444 26,315 (1) Amounts disclosed for the first Principal Executive Officer (PEO), second PEO and other Non-PEO Named Executive Officers relate to reported compensation as follows: Ø Richard A. Hubbell – was the President and Chief Executive Officer through May 17, 2022 and for the years 2021 and 2020. He has been Executive Chairman of the Board Officer since May 17, 2022. His total compensation for 2022, 2021 and 2020, has been disclosed as amounts related to first PEO. For 2024 and 2023, his compensation has been included in amounts related to Non-PEO Named Executive Officers. Ø Ben M. Palmer – has been the President and Chief Executive Officer since May 17, 2022, and was Vice President, Chief Financial Officer and Corporate Secretary prior. For 2024, 2023 and 2022, his total compensation has been disclosed as amounts related to second PEO. For 2021 and 2020, his compensation has been disclosed in amounts related to Non-PEO Named Executive Officers. Ø Michael L. Schmit- has been Vice President, Chief Financial Officer and Corporate Secretary since May 17, 2022, and his compensation has been included in amounts related to Non-PEO Named Executive Officer for 2024, 2023 and 2022. Ø Randall R. Rollins – was the Executive Chairman of the Board until his passing in August 2020; his compensation until his death has been included in the amounts related to Non-PEO Named Executive Officers for that year. (2) The dollar amounts reported represent the amount of Compensation Actually Paid (CAP), computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. To calculate the amounts in the CAP to PEO column in the table above, the following amounts were deducted from or added to (as applicable) the Total compensation as reported in the Summary Compensation Table (SCT): Reported Equity Equity Reported Reported Reported Value of Award Award Summary Summary Value of Equity Adjustments Adjustments Compensation Compensation Equity Awards to to to Compensation Compensation Table Total for Table Total for Awards to second first second Actually Paid Actually Paid first PEO (a) second PEO (a) first PEO (b) PEO (b) PEO (c) PEO (c) to first PEO to second PEO Year ($) ($) ($) ($) ($) ($) ($) ($) 2024 — 1,327,875 — (720,375) — 460,206 — 1,067,706 2023 — 1,463,400 — (673,200) — 648,300 — 1,438,500 2022 1,006,111 1,359,558 (296,400) (456,000) 280,824 456,847 990,535 1,360,405 2021 1,254,878 — (268,938) — 166,879 — 1,152,819 — 2020 1,113,750 — (243,750) — 237,375 — 1,107,375 — (a) The amounts disclosed represent the amounts attributable to the Named Executive Officer for the period he served as PEO and included in the amounts reported as Total compensation in the SCT. (b) Represents the grant date fair value of the equity awards reported in the Stock Awards column of the SCT. (c) Represents the year-over-year change in the fair value of equity awards, as shown below. For 2022, the change in fair value of equity awards has been attributed to the Named Executive Officer who was PEO as of December 31, 2022: 2024 2023 2022 - First PEO 2022 - Second PEO 2021 2020 Fair Value of ($) ($) ($) ($) ($) ($) Equity awards granted in Current Fiscal Year (CFY) outstanding and unvested as of end of CFY 573,125 581,400 306,020 470,800 203,125 236,275 Change in prior year awards outstanding and unvested as of end of CFY (238,335) (16,659) (35,806) (28,839) (107,406) 8,260 Change in prior year awards that vested in current year (23,153) 29,785 (20,675) (15,267) 39,466 (37,980) Dividends paid 148,569 53,774 31,285 30,153 31,694 30,820 Total Equity Award Adjustments 460,206 648,300 280,824 456,847 166,879 237,375 (3) The dollar amounts reported represent the amount of CAP, computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our Non-PEO Named Executive Officers during the applicable year. To calculate the amounts in the CAP to Non-PEO Named Executive Officers column in the table above, the following amounts were deducted from or added to (as applicable) the Total compensation as reported in the Summary Compensation Table (SCT): Average Reported Equity Average Summary Summary Compensation Value of Average Equity Award Adjustments to Compensation Actually Table Total for Non- PEO Awards to Non-PEO Named Non-PEO Named Paid to Non- PEO Named Named Executive Officers (a) Executive Officers (b) Executive Officers (c) Executive Officers Year ($) ($) ($) ($) 2024 646,672 (336,172) 233,922 544,422 2023 705,300 (310,200) 303,572 698,672 2022 421,673 (171,000) 180,450 431,123 2021 905,219 (217,219) 135,780 823,780 2020 687,524 (220,312) 333,855 801,066 (a) The amounts disclosed represent the average of the total amounts attributable to all non-PEO Named Executive Officers for the period he served, as included in the amounts reported as Total compensation in the SCT . (b) Represents the average grant date fair value of the equity awards reported in the Stock awards column of the SCT . (c) Represents the average year-over-year change in the fair value of equity awards, as shown below. For 2020, awards granted and vested in CFY represents stock granted to R. Randall Rollins that vested immediately upon his death pursuant to the terms of the restricted stock grants: 2024 2023 2022 2021 2020 Fair Value of ($) ($) ($) ($) ($) Equity awards granted in CFY outstanding and unvested as of end of CFY 290,382 267,900 176,550 164,063 212,419 Change in prior year awards outstanding and unvested as of end of CFY (117,962) (9,805) — (87,179) 3,401 Awards granted and vested in same CFY — — — — 118,788 Change in prior year awards that vested in current year (11,927) 17,477 — 33,201 (23,991) Dividends paid 73,429 28,000 3,900 25,695 23,238 Total Equity Award Adjustments 233,922 303,572 180,450 135,780 333,855 (4) The Named Executive Officers do not participate in the Company’s defined benefit pension plan and therefore no adjustments have been made in computing the CAP. (5) Reflects cumulative total shareholder return of the peer group, as of December 31, 2024, calculated over the measurement period beginning as of December 31, 2019 established by the market close on that day through and including the end of 2024. The peer group used by the Company is the same as the one identified for purposes of Item 201(e) of Regulation S-K under the Exchange Act in its Form 10-K for the year ended December 31, 2024. (6) Earnings Before Interest, Taxes, Depreciation and Amortization ( EBITDA ) is computed by adding interest, tax, depreciation and amortization expenses to net income. | | | | |
Company Selected Measure Name | EBITDA | | | | |
Named Executive Officers, Footnote | (1) Amounts disclosed for the first Principal Executive Officer (PEO), second PEO and other Non-PEO Named Executive Officers relate to reported compensation as follows: Ø Richard A. Hubbell – was the President and Chief Executive Officer through May 17, 2022 and for the years 2021 and 2020. He has been Executive Chairman of the Board Officer since May 17, 2022. His total compensation for 2022, 2021 and 2020, has been disclosed as amounts related to first PEO. For 2024 and 2023, his compensation has been included in amounts related to Non-PEO Named Executive Officers. Ø Ben M. Palmer – has been the President and Chief Executive Officer since May 17, 2022, and was Vice President, Chief Financial Officer and Corporate Secretary prior. For 2024, 2023 and 2022, his total compensation has been disclosed as amounts related to second PEO. For 2021 and 2020, his compensation has been disclosed in amounts related to Non-PEO Named Executive Officers. Ø Michael L. Schmit- has been Vice President, Chief Financial Officer and Corporate Secretary since May 17, 2022, and his compensation has been included in amounts related to Non-PEO Named Executive Officer for 2024, 2023 and 2022. Ø Randall R. Rollins – was the Executive Chairman of the Board until his passing in August 2020; his compensation until his death has been included in the amounts related to Non-PEO Named Executive Officers for that year. | | | | |
Peer Group Issuers, Footnote | (5) Reflects cumulative total shareholder return of the peer group, as of December 31, 2024, calculated over the measurement period beginning as of December 31, 2019 established by the market close on that day through and including the end of 2024. The peer group used by the Company is the same as the one identified for purposes of Item 201(e) of Regulation S-K under the Exchange Act in its Form 10-K for the year ended December 31, 2024. | | | | |
Adjustment To PEO Compensation, Footnote | (2) The dollar amounts reported represent the amount of Compensation Actually Paid (CAP), computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. To calculate the amounts in the CAP to PEO column in the table above, the following amounts were deducted from or added to (as applicable) the Total compensation as reported in the Summary Compensation Table (SCT): Reported Equity Equity Reported Reported Reported Value of Award Award Summary Summary Value of Equity Adjustments Adjustments Compensation Compensation Equity Awards to to to Compensation Compensation Table Total for Table Total for Awards to second first second Actually Paid Actually Paid first PEO (a) second PEO (a) first PEO (b) PEO (b) PEO (c) PEO (c) to first PEO to second PEO Year ($) ($) ($) ($) ($) ($) ($) ($) 2024 — 1,327,875 — (720,375) — 460,206 — 1,067,706 2023 — 1,463,400 — (673,200) — 648,300 — 1,438,500 2022 1,006,111 1,359,558 (296,400) (456,000) 280,824 456,847 990,535 1,360,405 2021 1,254,878 — (268,938) — 166,879 — 1,152,819 — 2020 1,113,750 — (243,750) — 237,375 — 1,107,375 — (a) The amounts disclosed represent the amounts attributable to the Named Executive Officer for the period he served as PEO and included in the amounts reported as Total compensation in the SCT. (b) Represents the grant date fair value of the equity awards reported in the Stock Awards column of the SCT. (c) Represents the year-over-year change in the fair value of equity awards, as shown below. For 2022, the change in fair value of equity awards has been attributed to the Named Executive Officer who was PEO as of December 31, 2022: 2024 2023 2022 - First PEO 2022 - Second PEO 2021 2020 Fair Value of ($) ($) ($) ($) ($) ($) Equity awards granted in Current Fiscal Year (CFY) outstanding and unvested as of end of CFY 573,125 581,400 306,020 470,800 203,125 236,275 Change in prior year awards outstanding and unvested as of end of CFY (238,335) (16,659) (35,806) (28,839) (107,406) 8,260 Change in prior year awards that vested in current year (23,153) 29,785 (20,675) (15,267) 39,466 (37,980) Dividends paid 148,569 53,774 31,285 30,153 31,694 30,820 Total Equity Award Adjustments 460,206 648,300 280,824 456,847 166,879 237,375 | | | | |
Non-PEO NEO Average Total Compensation Amount | $ 646,672 | $ 705,300 | $ 421,673 | $ 905,219 | $ 687,524 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 544,422 | 698,672 | 431,123 | 823,780 | 801,066 |
Adjustment to Non-PEO NEO Compensation Footnote | (3) The dollar amounts reported represent the amount of CAP, computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our Non-PEO Named Executive Officers during the applicable year. To calculate the amounts in the CAP to Non-PEO Named Executive Officers column in the table above, the following amounts were deducted from or added to (as applicable) the Total compensation as reported in the Summary Compensation Table (SCT): Average Reported Equity Average Summary Summary Compensation Value of Average Equity Award Adjustments to Compensation Actually Table Total for Non- PEO Awards to Non-PEO Named Non-PEO Named Paid to Non- PEO Named Named Executive Officers (a) Executive Officers (b) Executive Officers (c) Executive Officers Year ($) ($) ($) ($) 2024 646,672 (336,172) 233,922 544,422 2023 705,300 (310,200) 303,572 698,672 2022 421,673 (171,000) 180,450 431,123 2021 905,219 (217,219) 135,780 823,780 2020 687,524 (220,312) 333,855 801,066 (a) The amounts disclosed represent the average of the total amounts attributable to all non-PEO Named Executive Officers for the period he served, as included in the amounts reported as Total compensation in the SCT . (b) Represents the average grant date fair value of the equity awards reported in the Stock awards column of the SCT . (c) Represents the average year-over-year change in the fair value of equity awards, as shown below. For 2020, awards granted and vested in CFY represents stock granted to R. Randall Rollins that vested immediately upon his death pursuant to the terms of the restricted stock grants: 2024 2023 2022 2021 2020 Fair Value of ($) ($) ($) ($) ($) Equity awards granted in CFY outstanding and unvested as of end of CFY 290,382 267,900 176,550 164,063 212,419 Change in prior year awards outstanding and unvested as of end of CFY (117,962) (9,805) — (87,179) 3,401 Awards granted and vested in same CFY — — — — 118,788 Change in prior year awards that vested in current year (11,927) 17,477 — 33,201 (23,991) Dividends paid 73,429 28,000 3,900 25,695 23,238 Total Equity Award Adjustments 233,922 303,572 180,450 135,780 333,855 | | | | |
Compensation Actually Paid vs. Total Shareholder Return | | | | | |
Compensation Actually Paid vs. Net Income | | | | | |
Compensation Actually Paid vs. Company Selected Measure | | | | | |
Total Shareholder Return Vs Peer Group | | | | | |
Tabular List, Table | The Company used the following performance measures for 2024: Ø EBITDA ; Ø Net income ; Ø Earnings Per Share ; and Ø Total Shareholder Return | | | | |
Total Shareholder Return Amount | $ 83 | 92 | 91 | 92 | 104 |
Peer Group Total Shareholder Return Amount | 117 | 168 | 132 | 183 | 138 |
Net Income (Loss) | $ 17,853,000 | $ 41,695,000 | $ 40,347,000 | $ 29,026,000 | $ 19,444,000 |
Company Selected Measure Amount | 21,052,000 | 51,618,000 | 53,701,000 | 38,208,000 | 26,315,000 |
PEO Name | Ben M. Palmer | | | | |
Equity Awards Adjustments, Footnote | (c) Represents the year-over-year change in the fair value of equity awards, as shown below. For 2022, the change in fair value of equity awards has been attributed to the Named Executive Officer who was PEO as of December 31, 2022: 2024 2023 2022 - First PEO 2022 - Second PEO 2021 2020 Fair Value of ($) ($) ($) ($) ($) ($) Equity awards granted in Current Fiscal Year (CFY) outstanding and unvested as of end of CFY 573,125 581,400 306,020 470,800 203,125 236,275 Change in prior year awards outstanding and unvested as of end of CFY (238,335) (16,659) (35,806) (28,839) (107,406) 8,260 Change in prior year awards that vested in current year (23,153) 29,785 (20,675) (15,267) 39,466 (37,980) Dividends paid 148,569 53,774 31,285 30,153 31,694 30,820 Total Equity Award Adjustments 460,206 648,300 280,824 456,847 166,879 237,375 (c) Represents the average year-over-year change in the fair value of equity awards, as shown below. For 2020, awards granted and vested in CFY represents stock granted to R. Randall Rollins that vested immediately upon his death pursuant to the terms of the restricted stock grants: 2024 2023 2022 2021 2020 Fair Value of ($) ($) ($) ($) ($) Equity awards granted in CFY outstanding and unvested as of end of CFY 290,382 267,900 176,550 164,063 212,419 Change in prior year awards outstanding and unvested as of end of CFY (117,962) (9,805) — (87,179) 3,401 Awards granted and vested in same CFY — — — — 118,788 Change in prior year awards that vested in current year (11,927) 17,477 — 33,201 (23,991) Dividends paid 73,429 28,000 3,900 25,695 23,238 Total Equity Award Adjustments 233,922 303,572 180,450 135,780 333,855 | | | | |
Measure:: 1 | | | | | |
Pay vs Performance Disclosure | | | | | |
Name | EBITDA | | | | |
Non-GAAP Measure Description | (6) Earnings Before Interest, Taxes, Depreciation and Amortization ( EBITDA ) is computed by adding interest, tax, depreciation and amortization expenses to net income. | | | | |
Measure:: 2 | | | | | |
Pay vs Performance Disclosure | | | | | |
Name | Net income | | | | |
Measure:: 3 | | | | | |
Pay vs Performance Disclosure | | | | | |
Name | Earnings Per Share | | | | |
Measure:: 4 | | | | | |
Pay vs Performance Disclosure | | | | | |
Name | Total Shareholder Return | | | | |
Richard A. Hubbell | | | | | |
Pay vs Performance Disclosure | | | | | |
PEO Total Compensation Amount | | | $ 1,006,111 | $ 1,254,878 | $ 1,113,750 |
PEO Actually Paid Compensation Amount | | | 990,535 | 1,152,819 | 1,107,375 |
Ben M. Palmer | | | | | |
Pay vs Performance Disclosure | | | | | |
PEO Total Compensation Amount | $ 1,327,875 | $ 1,463,400 | 1,359,558 | | |
PEO Actually Paid Compensation Amount | 1,067,706 | 1,438,500 | 1,360,405 | | |
PEO | Richard A. Hubbell | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | | | (296,400) | (268,938) | (243,750) |
PEO | Richard A. Hubbell | Equity Awards Adjustments, Excluding Value Reported in Compensation Table | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | | | 280,824 | 166,879 | 237,375 |
PEO | Richard A. Hubbell | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | | | 306,020 | 203,125 | 236,275 |
PEO | Richard A. Hubbell | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | | | (35,806) | (107,406) | 8,260 |
PEO | Richard A. Hubbell | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | | | (20,675) | 39,466 | (37,980) |
PEO | Richard A. Hubbell | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | | | 31,285 | 31,694 | 30,820 |
PEO | Ben M. Palmer | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | (720,375) | (673,200) | (456,000) | | |
PEO | Ben M. Palmer | Equity Awards Adjustments, Excluding Value Reported in Compensation Table | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | 460,206 | 648,300 | 456,847 | | |
PEO | Ben M. Palmer | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | 573,125 | 581,400 | 470,800 | | |
PEO | Ben M. Palmer | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | (238,335) | (16,659) | (28,839) | | |
PEO | Ben M. Palmer | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | (23,153) | 29,785 | (15,267) | | |
PEO | Ben M. Palmer | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | 148,569 | 53,774 | 30,153 | | |
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | (336,172) | (310,200) | (171,000) | (217,219) | (220,312) |
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | 233,922 | 303,572 | 180,450 | 135,780 | 333,855 |
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | 290,382 | 267,900 | 176,550 | 164,063 | 212,419 |
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | (117,962) | (9,805) | | (87,179) | 3,401 |
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | | | | | 118,788 |
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | (11,927) | 17,477 | | 33,201 | (23,991) |
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year | | | | | |
Pay vs Performance Disclosure | | | | | |
Adjustment to Compensation, Amount | $ 73,429 | $ 28,000 | $ 3,900 | $ 25,695 | $ 23,238 |