Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2025

Jun. 30, 2024

A summary of changes in shareholders’ equity for the three months ended June 30, 2025 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, March 31, 2025	$	206	$	3,057,037	$	15,346,529	$	(14,449,108)	$	(16,710)	$	16,710	$	3,954,664

Net income	—		—		333,737		—		—		—		333,737

Purchase of common stock for treasury	—		—		—		(475,806)		—		—		(475,806)
Equity-based compensation	—		17,812		—		—		—		—		17,812
Proceeds from Options exercised	—		14,724		—		—		—		—		14,724
Treasury stock issued upon Option exercise	—		(3,669)		—		3,669		—		—		—
Balance, June 30, 2025	$	206	$	3,085,904	$	15,680,266	$	(14,921,245)	$	(16,710)	$	16,710	$	3,845,131

A summary of changes in shareholders’ equity for the six months ended June 30, 2025 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, December 31, 2024	$	206	$	3,031,637	$	15,046,953	$	(13,868,724)	$	(16,710)	$	16,710	$	4,210,072

Net income	—		—		633,313		—		—		—		633,313

Purchase of common stock for treasury	—		—		—		(1,064,255)		—		—		(1,064,255)
Equity-based compensation	—		36,339		—		—		—		—		36,339
Proceeds from Options exercised	—		29,662		—		—		—		—		29,662
Treasury stock issued upon Option exercise and RSU vesting	—		(11,734)		—		11,734		—		—		—
Balance, June 30, 2025	$	206	$	3,085,904	$	15,680,266	$	(14,921,245)	$	(16,710)	$	16,710	$	3,845,131

A summary of changes in shareholders’ equity for the three months ended June 30, 2024 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, March 31, 2024	$	206	$	2,905,707	$	13,759,294	$	(12,320,826)	$	(16,710)	$	16,710	$	4,344,381


Net income	—		—		400,904		—		—		—		400,904

Purchase of common stock for treasury	—		—		—		(644,920)		—		—		(644,920)
Equity-based compensation	—		18,101		—		—		—		—		18,101
Proceeds from Options exercised	—		15,442		—		—		—		—		15,442
Treasury stock issued upon Option exercise	—		(4,197)		—		4,197		—		—		—
Balance, June 30, 2024	$	206	$	2,935,053	$	14,160,198	$	(12,961,549)	$	(16,710)	$	16,710	$	4,133,908

A summary of changes in shareholders’ equity for the six months ended June 30, 2024 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, December 31, 2023	$	206	$	2,848,528	$	13,365,025	$	(11,849,034)	$	(16,710)	$	16,710	$	4,364,725


Net income	—		—		795,173		—		—		—		795,173

Purchase of common stock for treasury	—		—		—		(1,143,696)		—		—		(1,143,696)
Equity-based compensation	—		35,242		—		—		—		—		35,242
Proceeds from Options exercised	—		82,464		—		—		—		—		82,464
Treasury stock issued upon Option exercise and RSU vesting	—		(31,181)		—		31,181		—		—		—
Balance, June 30, 2024	$	206	$	2,935,053	$	14,160,198	$	(12,961,549)	$	(16,710)	$	16,710	$	4,133,908