v3.26.1
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
Total share-based compensation expense was as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(In thousands)
Stock option expense$2,553 $2,853 $5,375 $6,116 
Restricted stock expense5,914 5,270 11,176 10,325 
Performance restricted stock unit expense5,425 4,726 7,049 5,872 
Total pre-tax expense$13,892 $12,849 $23,600 $22,313 
Schedule of Weighted Average Assumptions Used for Estimating Fair Values of Stock Options Granted The following weighted average assumptions were used in the Black-Scholes-Merton model to estimate the fair values of stock options granted during the periods indicated:
Six Months Ended
June 30, 2026		Year Ended December 31, 2025
Expected volatility20.1%22.7%
Expected term (years)5.05.0
Risk-free interest rate3.87%4.07%
Expected dividend yield0.64%0.70%
Black-Scholes-Merton fair value per stock option granted$51.29 $46.21 
Schedule of Stock Option Activity and Related Information
The following is a summary of the Company’s stock option activity and related information:
SharesWeighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life 		Aggregate
Intrinsic
Value
(In thousands)(Years)(In millions)
Outstanding at December 31, 20251,950 $126.07 
Granted234 212.77 
Exercised(180)115.02 
Forfeited(25)183.97 
Outstanding at June 30, 20261,979 $136.59 6.1$208.5 
Exercisable at June 30, 20261,531 $119.35 5.2$187.7 
Schedule of Nonvested Restricted Stock Activity and Related Information
The following is a summary of the Company’s non-vested restricted stock activity and related information:
SharesWeighted
Average
 Grant Date
Fair Value
(In thousands)
Non-vested restricted stock outstanding at December 31, 2025280 $173.25 
Granted143 213.81 
Vested(125)167.44 
Forfeited(19)185.42 
Non-vested restricted stock outstanding at June 30, 2026279 $195.78 
The following is a summary of the Company’s non-vested performance restricted stock activity and related information:
SharesWeighted
Average
 Grant Date
Fair Value
(In thousands)
Non-vested performance restricted stock outstanding at December 31, 2025240 $166.06 
Granted79 212.77 
Performance assumption change 1
2 138.46 
Vested(77)138.46 
Forfeited(5)182.76 
Non-vested performance restricted stock outstanding at June 30, 2026239 $189.80 
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1 Reflects the number of PRSUs above target levels based on performance metrics.