Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

The Company’s stock option activity is summarized below.


Stock Options	Option Shares Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Life (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding - December 31, 2025	979,334	$	71.35
Granted	—	—
Exercise of stock options *	(61,605)	57.32
Forfeited	—	—
Outstanding - June 30, 2026	917,729	$	72.29	4.4	$	85,443
Exercisable - June 30, 2026	800,944	$	71.46	4.0	$	75,235

* The terms of the stock option agreements permit having a number of shares of stock withheld, the fair market value of which as of the date of exercise is sufficient to satisfy the exercise price and/or tax withholding requirements. For the six months ended June 30, 2026, 35,651 such shares were withheld by the Company.

Schedule of Restricted Stock Activity

The Company’s restricted stock awards and restricted stock units activity is summarized below.


	Time-Based Restricted Stock Awards		Performance-Based Restricted Stock Units		Total Restricted Stock
Restricted Shares Outstanding
Outstanding December 31, 2025	118,768		30,000		148,768
Granted	59,229		91,000		150,229
Vested *	(9,919)		(30,328)		(40,247)
Forfeited	(195)		—		(195)
Outstanding June 30, 2026	167,883		90,672		258,555
Weighted Average Grant Date Fair Value
Outstanding December 31, 2025	$	110.74	$	137.68	$	116.17
Granted	138.19		132.74		134.89
Vested *	111.94		132.74		127.61
Forfeited	126.76		—		126.76
Outstanding June 30, 2026	$	120.34	$	134.37	$	125.26

* The terms of the restricted stock agreements permit the surrender of shares to the Company upon vesting in order to satisfy applicable withholding at the minimum statutory withholding rate, and accordingly 12,609 shares were surrendered for the six months ended June 30, 2026.