Stock-Based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Share-Based Payment Arrangement [Abstract] |
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| Summary of Compensation Expense |
The following table summarizes the compensation expense included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings related to stock-based compensation plans:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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June 30, |
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June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Service-based RSUs |
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$ |
643 |
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$ |
981 |
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$ |
1,591 |
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$ |
1,875 |
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Performance and Market-based RSUs |
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(143 |
) |
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|
215 |
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|
341 |
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|
370 |
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Cash-settled RSUs |
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116 |
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136 |
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|
331 |
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|
299 |
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Total |
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$ |
616 |
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$ |
1,332 |
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$ |
2,263 |
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$ |
2,544 |
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Income tax benefit |
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145 |
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|
306 |
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|
532 |
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|
585 |
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Net expense |
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$ |
471 |
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$ |
1,026 |
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$ |
1,731 |
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$ |
1,959 |
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| Summary of Unrecognized Compensation Expense related to Unvested RSUs |
The following table summarizes the unrecognized compensation expense related to unvested RSUs by type and the weighted-average period in which the expense is to be recognized:
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Unrecognized |
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Compensation |
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Weighted- |
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Expense at |
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Average |
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June 30, 2025 |
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Period (years) |
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Service-based RSUs |
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$ |
3,558 |
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|
1.39 |
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Performance and Market-based RSUs |
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|
3,890 |
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|
2.15 |
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Total |
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$ |
7,448 |
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|
1.79 |
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| Summary of Status of Plans |
The following table summarizes the status of these plans as of June 30, 2025:
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2018 Plan |
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2014 Plan |
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2009 Plan |
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2004 Plan |
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Directors'
Plan |
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Awards originally available |
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2,500,000 |
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1,500,000 |
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3,400,000 |
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|
6,500,000 |
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N/A |
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Maximum potential awards outstanding |
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639,753 |
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|
39,400 |
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34,100 |
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14,545 |
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4,722 |
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RSUs and cash-settled awards vested and released |
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771,459 |
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— |
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— |
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— |
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— |
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Awards available for grant |
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1,088,788 |
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— |
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— |
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— |
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— |
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| Summary of Service-Based Restricted Stock Units |
The following table summarizes the service-based RSU activity for the six months ended June 30, 2025:
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Units |
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Weighted
Average
Grant Date
Fair Value |
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Outstanding at December 31, 2024 |
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322,847 |
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$ |
34.06 |
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Granted |
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61,908 |
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|
46.24 |
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Vested and released |
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(54,944 |
) |
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|
40.40 |
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Forfeited |
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(20,691 |
) |
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44.78 |
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Outstanding at June 30, 2025 |
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309,120 |
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$ |
34.70 |
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Releasable at June 30, 2025 |
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158,467 |
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$ |
23.78 |
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| Summary of Performance and Market-Based RSUs |
The following table summarizes the performance and market-based RSU activity for the six months ended June 30, 2025:
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Units |
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Weighted
Average
Grant Date
Fair Value |
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Outstanding at December 31, 2024 |
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222,344 |
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$ |
40.15 |
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Granted |
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75,010 |
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|
46.46 |
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Attained by performance |
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39,581 |
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|
37.93 |
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Released |
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(79,162 |
) |
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|
37.93 |
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Forfeited |
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(71,864 |
) |
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|
35.95 |
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Outstanding at June 30, 2025 |
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185,909 |
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$ |
44.64 |
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Releasable at June 30, 2025 |
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— |
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$ |
— |
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