Stock-Based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Summary of Compensation Expense |
The following table summarizes the compensation expense included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings related to stock-based compensation plans:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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June 30, |
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June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Service-based RSUs |
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$ |
1,066 |
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$ |
643 |
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$ |
2,070 |
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|
$ |
1,591 |
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Performance-based RSUs |
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|
799 |
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(143 |
) |
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|
1,610 |
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|
341 |
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Cash-settled RSUs |
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|
139 |
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|
116 |
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|
336 |
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|
331 |
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Total |
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$ |
2,004 |
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$ |
616 |
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$ |
4,016 |
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$ |
2,263 |
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Income tax benefit |
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|
471 |
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|
145 |
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|
944 |
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|
532 |
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Net expense |
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$ |
1,533 |
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$ |
471 |
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$ |
3,072 |
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$ |
1,731 |
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| Summary of Unrecognized Compensation Expense related to Unvested RSUs |
The following table summarizes the unrecognized compensation expense related to unvested RSUs by type and the weighted-average period in which the expense is to be recognized:
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Unrecognized |
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Compensation |
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Weighted- |
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Expense at |
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Average |
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June 30, 2026 |
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Period (years) |
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Service-based RSUs |
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$ |
4,016 |
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|
1.47 |
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Performance-based RSUs |
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|
5,460 |
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|
2.08 |
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Total |
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$ |
9,476 |
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|
1.82 |
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| Summary of Status of Plans |
The following table summarizes the status of these plans as of June 30, 2026:
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2018 Plan |
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2014 Plan |
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2009 Plan |
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2004 Plan |
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Directors'
Plan |
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Awards originally available |
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2,500,000 |
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1,500,000 |
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3,400,000 |
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|
6,500,000 |
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N/A |
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Maximum potential awards outstanding |
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732,428 |
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35,100 |
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30,000 |
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14,545 |
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|
4,722 |
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RSUs and cash-settled awards vested and released |
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874,505 |
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— |
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— |
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— |
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— |
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Awards available for grant |
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893,067 |
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— |
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— |
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— |
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— |
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| Summary of Service-Based Restricted Stock Units |
The following table summarizes the service-based RSU activity for the six months ended June 30, 2026:
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Units |
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Weighted
Average
Grant Date
Fair Value |
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Outstanding at December 31, 2025 |
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320,640 |
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$ |
34.82 |
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Granted |
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60,116 |
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|
56.75 |
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Vested and released |
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(60,407 |
) |
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|
44.75 |
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Forfeited |
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(2,764 |
) |
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|
47.50 |
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Outstanding at June 30, 2026 |
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317,585 |
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$ |
37.00 |
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Releasable at June 30, 2026 |
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169,267 |
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$ |
26.42 |
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| Summary of Performance- Based RSUs |
The following table summarizes the performance-based RSU activity for the six months ended June 30, 2026:
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Units |
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Weighted
Average
Grant Date
Fair Value |
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Outstanding at December 31, 2025 |
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200,598 |
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$ |
44.07 |
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Granted |
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72,620 |
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|
57.09 |
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Attained by performance |
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|
5,400 |
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|
43.80 |
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Released |
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(24,466 |
) |
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|
43.80 |
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Forfeited |
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(31,373 |
) |
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|
43.59 |
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Outstanding at June 30, 2026 |
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222,779 |
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$ |
48.44 |
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Releasable at June 30, 2026 |
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— |
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$ |
— |
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