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Stock-Based Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation Expense | Total stock-based compensation expense was as follows:
| Year Ended December 31, |
| 2025 |  |  | 2024 |  |  | 2023 |
| (In thousands) |
Employees |  |  |  |  |  |  |  |  |  |  |
Full Value Awards | $ |  | 27,195 |  |  | $ |  | 27,607 |  |  | $ |  | 24,205 |
Stock options |  |  | 1,053 |  |  |  |  | 1,728 |  |  |  |  | 3,592 |
Total employees |  |  | 28,248 |  |  |  |  | 29,335 |  |  |  |  | 27,797 |
Non-employee directors |  |  |  |  |  |  |  |  |  |  |
Restricted stock and restricted stock units |  |  | 3,883 |  |  |  |  | 1,512 |  |  |  |  | 1,393 |
Stock options |  |  | 537 |  |  |  |  | — |  |  |  |  | — |
Total non-employee directors and consultants |  |  | 4,420 |  |  |  |  | 1,512 |  |  |  |  | 1,393 |
Total stock-based compensation | $ |  | 32,668 |  |  | $ |  | 30,847 |  |  | $ |  | 29,190 |
Assumptions Used for the Black-Scholes Option-Pricing Model to Determine the Per Share Weighted Average Fair Value for Options Granted | The following table represents the assumptions used for the Black-Scholes option-pricing model to determine the per share weighted-average fair value for options granted:
| Year Ended December 31, |
| 2025 |  |  | 2024 |  |  | 2023 |
Expected life (years) |  | 5.0 |  |  |  | 4.7 |  |  |  | 5.0 |
Risk-free interest rate |  | 4.2 | % |  |  | 4.0 | % |  |  | 3.6 | %
Expected volatility |  | 38.2 | % |  |  | 39.2 | % |  |  | 35.8 | %
Expected dividend yield |  | 1.5 | % |  |  | 1.3 | % |  |  | 0.8 | %
Stock Option Activity | The following table reports stock option activity during the years ended December 31, 2025, 2024 and 2023 and the intrinsic value as of December 31, 2025:
| Number of Shares |  |  | Weighted-Average Exercise Price ($) |  |  | Remaining Contractual Term |  |  | Intrinsic Value ($) |
|  |  |  |  |  |  |  |  |  | (In thousands) |
Outstanding at December 31, 2022 |  | 306,253 |  |  | $ | 290.65 |  |  |  |  |  |  |
Granted |  | 13,908 |  |  |  | 358.53 |  |  |  |  |  |  |
Canceled or forfeited |  | (551 | ) |  |  | 382.12 |  |  |  |  |  |  |
Exercised |  | (5,653 | ) |  |  | 166.34 |  |  |  |  |  |  |
Outstanding at December 31, 2023 |  | 313,957 |  |  |  | 295.74 |  |  |  |  |  |  |
Granted |  | 20,793 |  |  |  | 220.50 |  |  |  |  |  |  |
Canceled or forfeited |  | (229,478 | ) |  |  | 276.79 |  |  |  |  |  |  |
Exercised |  | (22,044 | ) |  |  | 205.28 |  |  |  |  |  |  |
Outstanding at December 31, 2024 |  | 83,228 |  |  |  | 353.14 |  |  |  |  |  |  |
Granted |  | 20,606 |  |  |  | 193.49 |  |  |  |  |  |  |
Canceled or forfeited |  | (740 | ) |  |  | 374.44 |  |  |  |  |  |  |
Exercised |  | — |  |  |  | — |  |  |  |  |  |  | — |
Outstanding at December 31, 2025 |  | 103,094 |  |  |  | 321.08 |  |  |  | 3.2 |  |  |  | — |
Exercisable at December 31, 2025 |  | 64,486 |  |  |  | 380.77 |  |  |  | 2.2 |  |  |  | — |
Schedule of Estimate, Target and Maximum Performance Share Payouts | The following table reports the Company’s performance payout estimates for three-year performance period awards as of December 31, 2025, as well as the target and maximum share payouts for each award date granted:
Award Date |  | Estimate |  |  | Target |  |  | Maximum |
February 15, 2023 |  |  | 6,942 |  |  |  | 16,273 |  |  |  | 32,546 |
February 15, 2024 |  |  | 23,656 |  |  |  | 24,147 |  |  |  | 48,294 |
June 3, 2024 |  |  | 1,633 |  |  |  | 1,797 |  |  |  | 3,594 |
February 15, 2025 |  |  | 26,592 |  |  |  | 27,871 |  |  |  | 55,742 |
Full Value Awards activity | The following table reports Full Value Awards activity during the years ended December 31, 2025, 2024 and 2023:
|  | Number of Restricted Shares |  |  | Weighted-Average Grant Date Fair Value ($) |
Outstanding at December 31, 2022 |  |  | 162,356 |  |  | $ | 321.04 |
Granted |  |  | 90,242 |  |  |  | 328.17 |
Performance share pay-out |  |  | 12,145 |  |  |  | 360.90 |
Forfeited |  |  | (5,272 | ) |  |  | 376.51 |
Vested |  |  | (98,927 | ) |  |  | 288.73 |
Outstanding at December 31, 2023 |  |  | 160,544 |  |  |  | 346.15 |
Granted |  |  | 150,031 |  |  |  | 217.80 |
Performance share pay-out |  |  | 4,739 |  |  |  | 522.57 |
Forfeited |  |  | (29,581 | ) |  |  | 255.35 |
Vested |  |  | (85,932 | ) |  |  | 324.42 |
Outstanding at December 31, 2024 |  |  | 199,801 |  |  |  | 276.74 |
Granted |  |  | 203,579 |  |  |  | 194.20 |
Performance share pay-out |  |  | 9,812 |  |  |  | 350.94 |
Forfeited |  |  | (30,645 | ) |  |  | 226.61 |
Vested |  |  | (107,995 | ) |  |  | 278.22 |
Outstanding at December 31, 2025 |  |  | 274,552 |  |  |  | 223.20 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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