v3.26.1
Stock Options and Restricted Stock (Tables)
6 Months Ended
Jun. 30, 2026
Stock Options and Restricted Stock  
Summary of weighted average assumptions used in the model for valuing stock option grants

The weighted average assumptions used in the model for valuing stock options grants for the six months ended June 30, 2026 are as follows:

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

Dividend Yield

 

%  

Expected Life

 

7

Years

Expected Volatility

 

30.88

%  

Risk-Free Interest Rate

 

4.02

%  

Summary of the status of the Company's outstanding stock options

The following table presents a summary of the status of the Company’s outstanding stock options for the six months ended June 30, 2026:

June 30, 2026

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted

Average

Shares

Exercise Price

Outstanding at Beginning of Year

 

1,935,175

$

11.59

Granted

 

35,000

 

17.76

Exercised

 

(109,831)

 

10.70

Forfeitures

 

(30,000)

 

13.24

Outstanding at Period End

 

1,830,344

$

11.74

Options Exercisable at Period End

 

1,381,093

$

11.19

Summary of information pertaining to options outstanding based on range of exercise price

The following table presents information pertaining to options outstanding at June 30, 2026:

Options Outstanding

Options Exercisable

Weighted Average

Number of

Weighted Average

Remaining Contractual

Number of

Weighted Average

Range of Exercise Prices

  ​ ​ ​

Options

  ​ ​ ​

Exercise Price

Life in Years

Options

  ​ ​ ​

Exercise Price

$

7.00 - 7.99

 

622,892

 

$

7.47

 

1.3

 

622,892

 

$

7.47

8.00 - 8.99

 

2,961

 

8.76

 

3.8

 

2,961

 

8.76

10.00 - 10.99

173,750

10.65

7.1

69,749

10.65

11.00 - 11.99

171,125

11.11

6.2

98,375

11.12

12.00 - 12.99

236,616

12.91

3.1

236,616

12.91

13.00 - 13.99

252,500

13.77

8.6

65,000

13.75

17.00 - 17.99

310,500

17.50

5.9

285,500

17.50

18.00 - 18.99

60,000

18.08

9.5

Totals

 

1,830,344

$

11.74

4.6

 

1,381,093

$

11.19

Summary of analysis of nonvested options to purchase shares of the Company's stock issued and outstanding

The following table presents an analysis of nonvested options to purchase shares of the Company’s stock issued and outstanding for the six months ended June 30, 2026:

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted

Number of

Average Grant

Shares

Date Fair Value

Nonvested Options at December 31, 2025

 

584,251

$

5.69

Granted

 

35,000

7.36

Vested

 

(140,000)

5.55

Forfeited

(30,000)

5.67

Nonvested Options at June 30, 2026

 

449,251

$

5.87

Summary of the status of the Company's outstanding restricted stock units

The following table presents an analysis of nonvested restricted stock units outstanding for the six months ended June 30, 2026:

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted

Number of

Average Grant

Units

Date Fair Value

Nonvested at December 31, 2025

 

447,661

$

15.24

Granted

 

64,419

19.54

Vested

 

(50,373)

13.93

Forfeited

(12,106)

16.67

Nonvested at June 30, 2026

 

449,601

$

15.96

Summary of analysis of nonvested restricted stock performance units

The following table presents an analysis of nonvested performance stock units outstanding for the six months ended June 30, 2026:

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted

Number of

Average Grant

Units

Date Fair Value

Nonvested at December 31, 2025

 

$

Granted

 

121,784

18.75

Vested

 

Forfeited

Nonvested at June 30, 2026

 

121,784

$

18.75