Note 13 - Stock Compensation |
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| Share-Based Payment Arrangement [Text Block] |
Equity compensation awards may be granted to certain eligible employees or non-employee directors. A detailed description of the Company's employee stock plans is included in the Company's 2025 Annual Report on Form 10-K.
The Company incurred $1,201 and $688 in the nine months ended September 30, 2026 and 2025, respectively, in additional expense for employees who meet the thresholds of the stock plan's retirement provision.
The Company recognized $931 and $648 of compensation expense related to performance share unit awards in the three months ended September 30, 2026 and 2025, respectively. The Company recognized $4,347 and $1,433 of compensation expense related to performance share unit awards in the nine months ended September 30, 2026 and 2025, respectively. The unrecognized compensation expense calculated under the fair value method for performance share units that were, as of September 30, 2026, expected to be earned through the requisite service period was approximately $4,137 and is expected to be recognized through 2029. For each tranche of the 2024 through 2026 grants, a Monte Carlo simulation has been used to account for the Total Shareholder Return ("TSR") market condition in the grant date fair value of the award. For the first tranche of the 2026 performance share grants, the fair value was $47.43 or $53.78 per share, depending on the grant date. For the second tranche of the 2025 performance share grants, the fair value was $50.45 per share. For the third tranche of the 2024 performance share grants, the fair value was $44.20 per share.
A summary of restricted stock unit activity for the nine months ended September 30, 2026 is as follows:
The Company recognized $889 and $871 of compensation expense related to the restricted stock unit awards in the three months ended September 30, 2026 and 2025, respectively. The Company recognized $4,460 and $3,790 of compensation expense related to the restricted stock unit awards in the nine months ended September 30, 2026 and 2025, respectively. The unrecognized compensation expense calculated under the fair value method for restricted shares that were, as of September 30, 2026, expected to be earned through the requisite service period was approximately $5,024 and is expected to be recognized through 2029. |
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