v3.26.1
Common Stock, Compensation Plans and Other (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Summary of Stock Option Transactions under Plan
The table below summarizes the stock option transactions under the Plan at March 31, 2026 and December 31, 2025 and changes during the three month period and year then ended:
For the Three Months Ended March 31, 2026
For the Year Ended
December 31, 2025
Shares (000) Weighted-
Average
Exercisable
Price
Shares (000) Weighted-
Average
Exercisable
Price
Outstanding, beginning of year1,240 $23.10 1,590 $22.66 
Granted— — 10 26.46 
Forfeited/Expired— — (19)22.21 
Exercised(45)21.70 (341)21.20 
Outstanding, end of period1,195 23.15 1,240 23.10 
Exercisable, end of period1,163 23.08 974 22.96 
Summary of Stock Options on Valuation Assumptions
The assumptions used in determining the fair value of the 2026 and 2025 stock option grants were as follows:
For the Three Months Ended March 31, 2026
For the Year Ended December 31, 2025
Expected dividend yieldNot applicable3.02 %
Expected stock price volatilityNot applicable29.16 %
Risk-free interest rateNot applicable4.13 %
Expected life of optionsNot applicable6.5 years
Summary of Currently Outstanding and Exercisable Options
The following is a summary of currently outstanding and exercisable options at March 31, 2026:
Options OutstandingOptions Exercisable
Exercise PricesOptions
Outstanding
Shares
(000)
Weighted-
Average
Remaining
Contractual
Life (in years)
Weighted-
Average
Exercise
Price
Options
Exercisable
Shares (000)
Weighted-
Average
Exercise
Price
$18.00 to $19.99
22 3.03$19.06 22 $19.06 
$20.00 to $21.99
72 4.3620.74 72 20.74 
$22.00 to $23.99
1,028 2.4323.20 1,020 23.21 
$24.00 to $25.99
53 2.6725.39 47 25.53 
$26.00 to $27.99
10 9.0526.46 — — 
$28.00 to $29.99
10 8.6129.4129.41 
1,195 1,163 
Summary of Company's Restricted Stock Issued and Outstanding
The table below summarized the activity for the Company’s restricted stock issued and outstanding at March 31, 2026 and December 31, 2025 and changes during the period and year then ended:
As of
March 31, 2026
As of
December 31, 2025
(In thousands)
Beginning of year1,118 1,429 
Issued533 265 
Vested(484)(559)
Forfeited— (17)
End of period1,167 1,118 
Amount of expense for the three months and twelve months ended, respectively
$3,098 $9,784