v3.26.1
Earnings Per Common Share And Share Awards (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the three- and six-month periods ended June 30:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands, except per share amounts)
2026202520262025
Net income $14,633 $12,278 $20,700 $15,449 
Weighted average common shares outstanding – Basic1,888 1,887 1,888 1,886 
Incremental shares outstanding assuming the exercise of dilutive SARs (share-settled)
6 7 6 8 
Weighted average common shares outstanding – Diluted
1,894 1,894 1,894 1,894 
Basic earnings per common share$7.75 $6.51 $10.96 $8.19 
Diluted earnings per common share$7.73 $6.48 $10.93 $8.16 
Summary Of Share-Based Award Transactions
A summary of share-based award transactions for all share-based award plans follows:
(in thousands, except weighted average exercise price and average remaining contractual term)Number
Of Shares		Weighted
Average
Exercise Price		Average Remaining
Contractual
Term (Years)		Aggregate
Intrinsic
Value
Outstanding as of January 1, 2025
28 $154.74 3.90$2,312 
SARs granted5 246.75 
SARs exercised(9)158.04 
Outstanding as of December 31, 202524 $170.67 3.91$2,312 
SARs granted5 238.06 
SARs exercised(2)162.55 
SARs forfeited or expired— — 
Outstanding as of June 30, 202627 $182.28 4.19$2,484 
Exercisable as of June 30, 202622 $177.10 3.86$2,105 
Unvested as of June 30, 20265 $203.28 5.52$379 
Share-Based Valuation Assumptions The weighted average fair values for the SARs issued during 2026 and 2025 were $105.00 and $105.31, respectively, and were estimated using the weighted average assumptions shown in the table below:
20262025
Expected Life in Years7.07.0
Volatility38.3%36.6%
Interest Rate4.4%4.4%
Yield Rate0.8%0.8%