Stock-Based Compensation (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Summary of Compensation Expense |
The following table summarizes the compensation expense included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings related to stock-based compensation plans:
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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September 30, |
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September 30, |
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2026 |
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2025 |
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|
2026 |
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|
2025 |
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Service-based RSUs |
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$ |
1,192 |
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$ |
936 |
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$ |
3,262 |
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|
$ |
2,526 |
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Performance-based RSUs |
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|
1,783 |
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|
156 |
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|
3,393 |
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|
498 |
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Cash-settled RSUs |
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|
332 |
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|
78 |
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|
668 |
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|
408 |
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Total |
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$ |
3,307 |
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$ |
1,170 |
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$ |
7,323 |
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$ |
3,432 |
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Income tax benefit |
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|
777 |
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|
275 |
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|
1,721 |
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|
806 |
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Net expense |
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$ |
2,530 |
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$ |
895 |
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$ |
5,602 |
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$ |
2,626 |
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| Summary of Unrecognized Compensation Expense related to Unvested RSUs |
The following table summarizes the unrecognized compensation expense related to unvested RSUs by type and the weighted-average period in which the expense is to be recognized:
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Unrecognized |
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Compensation |
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Weighted- |
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Expense at |
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Average |
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September 30, 2026 |
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Period (years) |
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Service-based RSUs |
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$ |
3,684 |
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|
|
1.50 |
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Performance-based RSUs |
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|
6,008 |
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|
|
1.93 |
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Total |
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$ |
9,692 |
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|
|
1.76 |
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| Summary of Status of Plans |
The following table summarizes the status of these plans as of September 30, 2026:
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2018 Plan |
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2014 Plan |
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2009 Plan |
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2004 Plan |
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Directors'
Plan |
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Awards originally available |
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2,500,000 |
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|
1,500,000 |
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|
3,400,000 |
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|
6,500,000 |
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N/A |
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Maximum potential awards outstanding |
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786,189 |
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35,100 |
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30,000 |
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14,545 |
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|
4,722 |
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RSUs and cash-settled awards vested and released |
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877,755 |
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— |
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— |
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— |
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— |
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Awards available for grant |
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836,056 |
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— |
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— |
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— |
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— |
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| Summary of Service-Based Restricted Stock Units |
The following table summarizes the service-based RSU activity for the nine months ended September 30, 2026:
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Units |
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Weighted
Average
Grant Date
Fair Value |
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Outstanding at December 31, 2025 |
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320,640 |
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$ |
34.82 |
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Granted |
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74,369 |
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|
57.44 |
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Vested and released |
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(63,657 |
) |
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|
44.66 |
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Forfeited |
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(2,764 |
) |
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|
47.50 |
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Outstanding at September 30, 2026 |
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328,588 |
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$ |
37.95 |
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Releasable at September 30, 2026 |
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169,267 |
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$ |
26.42 |
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| Summary of Performance- Based RSUs |
The following table summarizes the performance-based RSU activity for the nine months ended September 30, 2026:
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Units |
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Weighted
Average
Grant Date
Fair Value |
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Outstanding at December 31, 2025 |
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200,598 |
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$ |
44.07 |
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Granted |
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|
93,999 |
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|
57.83 |
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Attained by performance |
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|
5,400 |
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|
43.80 |
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Released |
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(24,466 |
) |
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|
43.80 |
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Forfeited |
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(31,373 |
) |
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|
43.59 |
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Outstanding at September 30, 2026 |
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|
244,158 |
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$ |
49.48 |
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Releasable at September 30, 2026 |
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— |
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$ |
— |
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