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Common Stock, Compensation Plans and Other (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Summary of Stock Option Transactions under Plan
The table below summarizes the stock option transactions under the Plan at June 30, 2025 and December 31, 2024 and changes during the six-month period and year then ended:
For the Six Months Ended June 30, 2025
For the Year Ended
December 31, 2024
Shares (000) Weighted-
Average
Exercisable
Price
Shares (000) Weighted-
Average
Exercisable
Price
Outstanding, beginning of year1,590 $22.66 2,776 $20.95 
Granted10 26.46 10 29.41 
Forfeited/Expired(14)21.80 (35)21.87 
Exercised(293)21.10 (1,161)18.65 
Outstanding, end of period1,293 23.05 1,590 22.66 
Exercisable, end of period1,021 22.90 1,044 22.34 
Summary of Stock Options on Valuation Assumptions
The assumptions used in determining the fair value of the 2025 and 2024 stock option grants were as follows:
For the Six Months Ended June 30, 2025
For the Year Ended December 31, 2024
Expected dividend yield3.02 %2.65 %
Expected stock price volatility29.16 %28.47 %
Risk-free interest rate4.13 %4.25 %
Expected life of options6.5 years6.5 years
Summary of Currently Outstanding and Exercisable Options
The following is a summary of currently outstanding and exercisable options at June 30, 2025:
Options OutstandingOptions Exercisable
Exercise PricesOptions
Outstanding
Shares
(000)
Weighted-
Average
Remaining
Contractual
Life (in years)
Weighted-
Average
Exercise
Price
Options
Exercisable
Shares (000)
Weighted-
Average
Exercise
Price
$18.00 to $19.99
22 3.78$19.06 22 $19.06 
$20.00 to $21.99
139 3.0520.88 137 20.87 
$22.00 to $23.99
1,055 3.1823.20 817 23.18 
$24.00 to $25.99
57 3.3125.43 45 25.74 
$26.00 to $27.99
10 9.9826.46 — — 
$28.00 to $29.99
10 9.3629.41— — 
1,293 1,021 
Summary of Company's Restricted Stock Issued and Outstanding
The table below summarized the activity for the Company’s restricted stock issued and outstanding at June 30, 2025 and December 31, 2024 and changes during the period and year then ended:
As of
June 30, 2025
As of
December 31, 2024
(In thousands)
Beginning of year1,429 1,429 
Issued263 531 
Vested(548)(469)
Forfeited(13)(62)
End of period1,131 1,429 
Amount of expense for the six months and twelve months ended, respectively
$4,994 $8,228