v3.25.4
Equity Plan (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity Under the Equity Plans
Stock option activity under the equity plans is as follows:
Total Stock OptionsNumber
of Shares		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life (Years)		Aggregate
Intrinsic
Value
Outstanding at January 1, 20252,222,496$10.73 
Exercised(227,892)$7.26 
Forfeited or expired(174,614)$11.27 
Outstanding at December 31, 20251,819,990$11.11 4.39$2,949,051 
Vested or expected to vest1,710,7914.39$2,772,108 
Exercisable at December 31, 20251,663,1594.12$2,342,799 
Schedule of Information Related to Stock Option Activity Under the Equity Plans
Information related to the equity plans for each of the last three years:
December 31,
202520242023
Intrinsic value of options exercised$612,356 $647,984 $805,334 
Cash received from option exercise$1,652,013 $690,679 $1,219,286 
Tax (expense) benefit realized from option exercises$3,583 $(14,828)$20,527 
Weighted average fair value of options grantedN/AN/A1.34 
Schedule of Assumptions Used to Estimate the Fair Value of Each Option Grant on the Date of Grant
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model that uses the assumptions noted in the following table, including the weighted average assumptions for the option grants in each year.
December 31,
202520242023
Expected life in months (1)
N/AN/A72
Volatility (1)
N/AN/A35 %
Weighted average risk-free interest rate (2)
N/AN/A3.52 %
Expected dividends (3)
N/AN/A6.98 %
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(1)The expected life of employee stock options represents the weighted average period the stock options are expected to remain outstanding based on historical experience. Volatility is based on the historical volatility of the stock price over the same period of the expected life of the option.
(2)Based on the U.S. Treasury constant maturity interest rate with a term consistent with the expected life of the option granted.
(3)Each grant’s dividend yield is calculated by annualizing the most recent quarterly cash dividend and dividing that amount by the market price of the Company’s common stock as of the grant date.
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Schedule of Restricted Stock Activity Under Equity Plans
Restricted stock activity under the equity plans is as follows:
Total Restricted Stock AwardNumber
of Shares		Weighted
Average Grant
Date Fair
Value
Nonvested shares at January 1, 202588,061 $9.45 
Granted88,099 $9.71 
Vested(87,911)$9.39 
Forfeited or expired(10,130)$10.57 
Nonvested shares at December 31, 202578,119 $9.67 
Schedule of Restricted Stock Units Under the Equity Plans
RSU activity under the Equity Plans is as follows:
Total RSUs Number
of Shares		Weighted
Average Grant
Date Fair
Value
Nonvested shares at January 1, 2025357,666$8.53 
Granted211,696$10.05 
Dividend Equivalent Units40,085 $9.12 
Vested(165,433)$7.95 
Forfeited or expired(50,512)$7.96 
Nonvested shares at December 31, 2025393,502$8.80 
Schedule of Performance Based Restricted Stock Units Under the Equity Plans
PRSU activity under the Equity Plans is as follows:
Total PRSUsNumber
of Shares		Weighted
Average Grant
Date Fair
Value
Nonvested shares at January 1, 2025229,419$8.06 
Granted115,912$10.02 
Dividend Equivalent Units31,503 $8.89 
Forfeited or expired(60,231)$7.61 
Nonvested shares at December 31, 2025316,603 $8.06