v3.25.4
Equity-Based Compensation, Profit Sharing and Deferred Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Equity-Based Compensation Plans with Grants Outstanding
The following table provides a summary of each of our equity-based compensation plans with grants outstanding as of December 31, 2025. Each of the following plans was approved by our shareholders:
Equity-Based Compensation PlansShares
Authorized		Options/RSUs
Outstanding		Shares
Available to Issue
2010 Equity Incentive Plan (1)700,000 9,415 — 
2014 Equity Incentive Plan (2)950,000 188,908 — 
2018 Equity Incentive Plan (3)275,000 151,882 91,607 
 
(1)The 2010 Equity Incentive Plan (the “2010 Plan”) authorized us to issue Options and RSUs. There were 9,415 Options outstanding as of December 31, 2025. Shares can no longer be granted from this plan.

(2)The 2014 Equity Incentive Plan (the “2014 Plan”) authorized us to issue Options only. Shares can no longer be granted from this plan.

(3)The 2018 Equity Incentive Plan (the "2018 Plan") authorizes us to issue Options and RSUs. Of the 275,000 aggregate shares authorized to issue, all may be granted in the form of Options and up to 40,000 may be granted in the form of RSUs. There were 134,969 Options and 16,913 RSUs outstanding as of December 31, 2025. Of the 91,607 shares available to issue, 16,778 may be granted in the form of RSUs.
Equity-Based Compensation Plans
The following table provides additional information relative to our equity-based compensation plans for the year ended December 31, 2025:
 SharesWeighted Avg. Per Share
Exercise Price		Weighted Avg. Remaining
Contract Life (years)		Aggregate
Intrinsic Value
Stock Options
Outstanding at December 31, 2024365,682 $3,815.26 
Granted4,204 7,475.57 
Exercised(24,687)3,246.50 
Forfeited(11,907)4,460.21 
Outstanding at December 31, 2025333,292 $3,880.52 4.6$1,138,593 
Exercisable at December 31, 2025231,016 $3,492.82 3.8$877,848 
RSUs
Outstanding at December 31, 202423,047 
Granted1,428 
Vested(6,138)
Forfeited(1,424)
Outstanding at December 31, 202516,913 $123,343 
Vested, but not issued at December 31, 20257,221 $52,661 
Black-Scholes Option-Pricing Model Assumptions
The fair value of the Options granted during 2025, 2024 and 2023 was estimated on the grant date using the Pricing Model, based on the following assumptions:  
 202520242023
Estimated option life (years)5.746.036.05
Risk free interest rate (range)
3.74%-4.72%
3.94%-4.79%
3.53%-4.69%
Expected volatility (range)
24.06%-29.61%
24.16%-31.56%
26.75%-30.01%
Expected dividend rate— %— %— %
Weighted average grant-date fair value per share of options granted$2,567.56 $2,631.86 $1,936.08 
Exercised Option Proceeds Information with respect to the vested RSUs and exercised Options is as follows:
 Year Ended December 31,
 202520242023
Aggregate exercise proceeds $80,146 $161,625 $250,509 
Aggregate intrinsic value on exercise dates$158,678 $423,258 $635,709