v3.26.1
Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Stock Option Activity
A summary of the Plans’ stock option activity for the six months ended June 30, 2026 and June 30, 2025 is presented below:
Stock OptionsCommon
Shares
Weighted
Average
Strike Price
Remaining
Contractual
Term (1)
Intrinsic
Value (2)
(in thousands)
Outstanding at January 1, 2026
5,675 $44.81 
Exercised(2,325)40.97 
Outstanding at June 30, 2026
3,350 $47.47 2.6$379 
Exercisable at June 30, 2026
3,350 $47.47 2.6$379 
Stock OptionsCommon
Shares
Weighted
Average
Strike Price
Remaining
Contractual
Term (1)
Intrinsic
Value (2)
(in thousands)
Outstanding at January 1, 2025
10,825 $43.76 
Exercised(5,150)42.61 
Outstanding at June 30, 2025
5,675 $44.81 3.2$449 
Exercisable at June 30, 2025
5,675 $44.81 3.2$449 
(1)Represents the remaining weighted average contractual life in years.
(2)Aggregate intrinsic value represents the total pre-tax intrinsic value (i.e., the difference between the Company’s stock price on the last trading day of the quarter and the option exercise price, multiplied by the number of shares) that would have been received by the option holders if they had exercised their options on the last day of the quarter. Options with exercise prices above the stock price on the last trading day of the quarter are excluded from the calculation of intrinsic value. The intrinsic value will change based on the fair market value of the Company’s stock.
Schedule of Plans' Restricted and Performance Share Award Activity
A summary of the Plans’ restricted share activity for the six months ended June 30, 2026 and June 30, 2025 is presented below:
Six months ended June 30, 2026Six months ended June 30, 2025
Restricted SharesCommon
Shares
Weighted
Average
Grant-Date
Fair Value
Common
Shares
Weighted
Average
Grant-Date
Fair Value
Outstanding at January 1888,398 $101.63 880,866 $90.95 
Granted260,905 153.28 254,059 133.14 
Vested and issued(278,212)93.19 (201,993)94.27 
Forfeited or canceled(19,173)124.90 (17,703)106.93 
Outstanding at June 30
851,918 $119.86 915,229 $101.62 
Vested, but deferred, at June 30
102,959 $56.28 101,426 $55.02 

A summary of the Plans’ performance-based stock award activity, based on the target level of the awards, for the six months ended June 30, 2026 and June 30, 2025 is presented below:
Six months ended June 30, 2026Six months ended June 30, 2025
Performance-based Stock Common
Shares
Weighted
Average
Grant-Date
Fair Value
Common
Shares
Weighted
Average
Grant-Date
Fair Value
Outstanding at January 1377,757 $102.38 454,017 $93.57 
Granted86,224 148.35 87,844 134.58 
Added by performance factor at vesting, net9,242 — 75,461 — 
Vested and issued(196,899)90.33 (230,957)95.26 
Forfeited or canceled(836)114.09 (7,376)104.88 
Outstanding at June 30
275,488 $125.97 378,989 $102.41 
Vested, but deferred, at June 30
— $— 13,231 $40.53