v3.26.1
Employee Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Restricted Shares Activity And Related Information
A summary of the Company’s restricted shares activity and related information is presented below:
Six months ended June 30,
20262025
Restricted AwardsAverage Market Price at GrantRestricted AwardsAverage Market Price at Grant
Outstanding at January 1133,624 $97.80 134,949 $84.90 
Granted16,493 119.13 40,495 114.73 
Vested/Forfeited(35,210)135.89 (42,120)72.16 
Outstanding at June 30114,907 $103.06 133,324 $97.59 
Information regarding stock-based compensation associated with restricted shares is provided in the following table (in thousands):
Three months ended June 30,Six months ended June 30,
2026202520262025
Stock-based compensation expense associated with restricted shares, RSUs, and PSUs$921 $838 $1,779 $1,557 
At period-end:June 30, 2026
Unrecognized stock-based compensation expense associated with restricted shares$6,508 
Weighted average period (in years) in which the above amount is expected to be recognized2.7
Schedule of Net Benefit Costs
The following table presents the components of the Company's net periodic benefit cost, which is included in the line item "other expenses" in the consolidated statements of income (in thousands):
Three months ended June 30,Six months ended June 30,
2026202520262025
Components of net periodic cost:
Interest cost$119 $131 $237 $262 
Expected return on plan assets(205)(206)(409)(411)
Net amortization and deferral44 51 88 101 
Net Periodic Pension (Benefit) Cost$(42)$(24)$(84)$(48)