Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

A summary of changes in shareholders’ equity for the three months ended June 30, 2026 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, March 31, 2026	$	206	$	3,202,642	$	16,585,128	$	(16,293,942)	$	(16,710)	$	16,710	$	3,494,034

Net income	—		—		236,458		—		—		—		236,458

Purchase of common stock for treasury	—		—		—		(361,286)		—		—		(361,286)
Equity-based compensation	—		19,293		—		—		—		—		19,293
Proceeds from Options exercised	—		2,697		—		—		—		—		2,697
Treasury stock issued upon Option exercise	—		(962)		—		962		—		—		—
Balance, June 30, 2026	$	206	$	3,223,670	$	16,821,586	$	(16,654,266)	$	(16,710)	$	16,710	$	3,391,196

A summary of changes in shareholders’ equity for the six months ended June 30, 2026 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, December 31, 2025	$	206	$	3,155,367	$	16,386,769	$	(15,677,473)	$	(16,710)	$	16,710	$	3,864,869

Net income	—		—		434,817		—		—		—		434,817

Purchase of common stock for treasury	—		—		—		(997,854)		—		—		(997,854)
Equity-based compensation	—		32,580		—		—		—		—		32,580
Proceeds from Options exercised	—		56,784		—		—		—		—		56,784
Treasury stock issued upon Option exercise and RSU vesting	—		(21,061)		—		21,061		—		—		—
Balance, June 30, 2026	$	206	$	3,223,670	$	16,821,586	$	(16,654,266)	$	(16,710)	$	16,710	$	3,391,196

A summary of changes in shareholders’ equity for the three months ended June 30, 2025 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, March 31, 2025	$	206	$	3,057,037	$	15,346,529	$	(14,449,108)	$	(16,710)	$	16,710	$	3,954,664


Net income	—		—		333,737		—		—		—		333,737

Purchase of common stock for treasury	—		—		—		(475,806)		—		—		(475,806)
Equity-based compensation	—		17,812		—		—		—		—		17,812
Proceeds from Options exercised	—		14,724		—		—		—		—		14,724
Treasury stock issued upon Option exercise	—		(3,669)		—		3,669		—		—		—
Balance, June 30, 2025	$	206	$	3,085,904	$	15,680,266	$	(14,921,245)	$	(16,710)	$	16,710	$	3,845,131

A summary of changes in shareholders’ equity for the six months ended June 30, 2025 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, December 31, 2024	$	206	$	3,031,637	$	15,046,953	$	(13,868,724)	$	(16,710)	$	16,710	4,210,072


Net income	—		—		633,313		—		—		—		633,313

Purchase of common stock for treasury	—		—		—		(1,064,255)		—		—		(1,064,255)
Equity-based compensation	—		36,339		—		—		—		—		36,339
Proceeds from Options exercised	—		29,662		—		—		—		—		29,662
Treasury stock issued upon Option exercise and RSU vesting	—		(11,734)		—		11,734		—		—		—
Balance, June 30, 2025	$	206	$	3,085,904	$	15,680,266	$	(14,921,245)	$	(16,710)	$	16,710	$	3,845,131