v3.26.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock Option Activity

Activity with respect to stock options is summarized as follows:

 

 

Shares

 

 

Weighted-Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term (years)

 

 

Aggregate
Intrinsic Value
(in thousands)

 

Options outstanding, January 1, 2026

 

 

448,172

 

 

$

19.35

 

 

 

4.9

 

 

$

90,558

 

Exercised

 

 

(22,434

)

 

$

4.45

 

 

 

 

 

 

 

Forfeited

 

 

-

 

 

$

-

 

 

 

 

 

 

 

Expired

 

 

-

 

 

$

-

 

 

 

 

 

 

 

Options outstanding, September 30, 2026

 

 

425,738

 

 

$

20.13

 

 

 

4.2

 

 

$

128,308

 

Nonvested options, September 30, 2026

 

 

179,001

 

 

$

23.16

 

 

 

4.4

 

 

$

53,406

 

Vested and exercisable, September 30, 2026

 

 

246,737

 

 

$

17.94

 

 

 

4.0

 

 

$

74,902

 

 
Performance-Based Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Restricted Stock Activity

Activity with respect to Performance-Based RSUs is summarized as follows:

 

 

 

Shares

 

 

Weighted-Average
Grant-Date
Fair Value

 

 Outstanding shares at January 1, 2026

 

 

291,512

 

 

$

68.62

 

Granted

 

 

320,662

 

 

$

234.31

 

Vested and Released

 

 

-

 

 

$

-

 

Forfeited

 

 

-

 

 

$

-

 

 Outstanding shares at September 30, 2026

 

 

612,174

 

 

$

155.41

 
Chief Executive Officer [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Assumptions in the Binomial Option-Pricing Model Used to Determine The Fair Value of Stock Options

The following table presents the key inputs and assumptions used to value the options granted to the Chief Executive Officer on the grant date:

Remaining term

 

10.0 years

 

Risk-free interest rate

 

 

1.50

%

Expected dividend yield

 

 

0.00

%

Expected volatility

 

 

40.0

%
Summary of Restricted Stock Activity

Activity with respect to RSUs is summarized as follows:

 

 

 

Shares

 

 

Weighted-Average
Grant-Date
Fair Value

 

 Outstanding shares at January 1, 2026

 

 

722,600

 

 

$

51.98

 

Granted

 

 

192,713

 

 

$

243.77

 

Vested and Released

 

 

(307,113

)

 

$

49.43

 

Forfeited

 

 

(50,030

)

 

$

69.60

 

 Outstanding shares at September 30, 2026

 

 

558,170

 

 

$

118.02