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SHAREHOLDERS’ EQUITY AND NET INCOME PER COMMON SHARE
 12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS’ EQUITY AND NET INCOME PER COMMON SHARE SHAREHOLDERS’ EQUITY AND NET INCOME PER COMMON SHARE
Our Board of Directors authorized share repurchase plans to buy back up to 5% of our outstanding common stock during 2025, 2024 and 2023. During 2025 and 2023 repurchases were made through open market transactions and totaled 407,113 and 298,601 shares of common stock, respectively for an aggregate purchase price of $12.4 million and $5.2 million, respectively. There were no shares of common stock repurchased pursuant to this authorization during 2024.
A reconciliation of basic and diluted net income per common share for the years ended December 31 follows:
202520242023
(In thousands, except per share
amounts)
Net income$68,541 $66,790 $59,067 
Weighted average shares outstanding (1)20,75820,89220,976
Stock units for deferred compensation plan for non-employee directors175180160
Performance share units283123
Effect of stock options2311
Weighted average shares outstanding for calculation of diluted earnings per share20,96321,10621,170
Net income per common share   
Basic (1)$3.30 $3.20 $2.82 
Diluted$3.27 $3.16 $2.79 
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(1)
Basic net income per common share includes weighted average common shares outstanding during the period.
Weighted average stock options outstanding that were not considered in computing diluted net income per common share because they were anti-dilutive were zero for each year ended 2025, 2024 and 2023, respectively.