Stock-Based Compensation and Stock Options (Tables)
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3 Months Ended |
Jun. 30, 2026 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Fair Value of Options Granted |
The following assumptions were used to estimate the fair value of stock options granted during the three months ended June 30, 2025, using the Black-Scholes option-pricing model:
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Three Months Ended |
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June 30, 2025 |
Risk-free interest rate |
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4.07% |
Expected volatility |
|
31% |
Expected dividend yield |
|
0.00% |
Expected weighted average life of option in years |
|
4.0 years |
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| Stock Compensation Expense for Time Based Options and Performance Based Options |
The table below shows the amounts recognized in the unaudited consolidated financial statements for stock-based compensation expense for all stock options during the three months ended June 30, 2026 and 2025, respectively.
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Three Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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Cost of revenues |
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$ |
724,000 |
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|
$ |
681,000 |
|
General and administrative |
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|
636,000 |
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|
|
736,000 |
|
Total cost of stock-based compensation included in
income before income tax provision |
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|
1,360,000 |
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|
|
1,417,000 |
|
Amount of income tax benefit recognized |
|
|
(349,000 |
) |
|
|
(323,000 |
) |
Amount charged against net income |
|
$ |
1,011,000 |
|
|
$ |
1,094,000 |
|
Effect on basic earnings per share |
|
$ |
(0.02 |
) |
|
$ |
(0.02 |
) |
Effect on diluted earnings per share |
|
$ |
(0.02 |
) |
|
$ |
(0.02 |
) |
|
| Stock Options Outstanding and Exercisable |
The following table provides summary information for all stock options outstanding and exercisable at June 30, 2026:
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Range of Exercise Price |
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Outstanding
Options – Number of
Outstanding
Options |
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Outstanding
Options – Weighted
Average
Remaining
Contractual
Life |
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|
Outstanding
Options –
Weighted
Average
Exercise Price |
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Exercisable
Options –
Number of
Exercisable
Options |
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|
Exercisable
Options –
Weighted
Average
Exercise
Price |
|
$14.44 to $52.00 |
|
|
355,007 |
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|
|
1.92 |
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|
$ |
40.77 |
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|
347,582 |
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|
$ |
40.53 |
|
$52.01 to $54.54 |
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|
287,911 |
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|
|
4.25 |
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|
|
53.40 |
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66,074 |
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|
|
54.25 |
|
$54.55 to $75.36 |
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|
335,959 |
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2.42 |
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69.10 |
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186,379 |
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|
|
66.83 |
|
$75.37 to $110.18 |
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156,954 |
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4.27 |
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103.02 |
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51,917 |
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|
101.67 |
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Total |
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1,135,831 |
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|
2.98 |
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$ |
60.95 |
|
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|
651,952 |
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|
$ |
54.31 |
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| Outstanding Options |
The following table provides summary information regarding all stock options outstanding at June 30, 2026, and changes during the three months then ended:
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Number
of
Options |
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Weighted
Average
Exercise Price
Per Share |
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Weighted
Average
Remaining
Contractual
Life (Years) |
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Aggregate Intrinsic
Value as of June 30, 2026 |
|
Options outstanding at April 1, 2026 |
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|
1,196,283 |
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|
$ |
59.83 |
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Granted |
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— |
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— |
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Exercised |
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(55,079 |
) |
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|
35.12 |
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Cancelled – forfeited |
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(3,157 |
) |
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70.91 |
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Cancelled – expired |
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(2,216 |
) |
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81.34 |
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Ending outstanding |
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|
1,135,831 |
|
|
$ |
60.95 |
|
|
|
2.98 |
|
|
$ |
10,346,703 |
|
Ending vested and expected to vest |
|
|
1,108,496 |
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|
$ |
60.42 |
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|
|
2.96 |
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|
$ |
10,346,703 |
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Ending exercisable at June 30, 2026 |
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|
651,952 |
|
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$ |
54.31 |
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|
2.05 |
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$ |
8,189,634 |
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