v3.26.1
Stock Award Plans
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock Award Plans

(7) Stock Award Plans

The compensation cost that has been charged against earnings for the Company’s stock award plans and the income tax benefit recognized in the statement of earnings for stock awards were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Compensation cost

 

$

2,291

 

 

$

3,300

 

 

$

12,434

 

 

$

11,147

 

Income tax benefit

 

$

635

 

 

$

781

 

 

$

2,897

 

 

$

2,664

 

 

During the six months ended June 30, 2026, the Company granted 131,971 restricted stock units (“RSUs”) to selected officers and other key employees under the employee stock award plan that vest ratably over five years. During May 2026, the Company granted 11,136 shares of restricted stock to nonemployee directors of the Company under the director stock plan which vest six months after the date of grant.