XML 95 R67.htm IDEA: XBRL DOCUMENT
v3.25.4

INCENTIVE STOCK PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Incentive Compensation Costs | A summary of our stock-based incentive compensation cost is presented below:
| 2025 |  | 2024 |  | 2023
Selling and general expenses | $9,432 |  |  | $12,778 |  |  | $12,710 |
Cost of sales | 1,133 |  |  | 1,122 |  |  | 986 |
Timber and Timberlands, net (a) | 264 |  |  | 332 |  |  | 306 |
Other operating expense, net | 175 |  |  | — |  |  | — |
Total stock-based incentive compensation | $11,004 |  |  | $14,232 |  |  | $14,002 |
Tax benefit recognized related to stock-based incentive compensation expense (b) | $521 |  |  | $695 |  |  | $677 |
(a)Represents amounts capitalized as part of the overhead allocation of timber-related costs. (b)A valuation allowance is recorded against the tax benefit recognized as we do not expect to be able to realize the benefit in the future.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | A summary of our restricted stock units is presented below:
| 2025 |  | 2024 |  | 2023
Restricted stock units granted | 246,662 |  |  | 212,415 |  |  | 207,006 |
Weighted average price of restricted stock units granted | $27.56 |  |  | $32.46 |  |  | $32.93 |
Intrinsic value of restricted stock units outstanding (a) | $10,341 |  |  | $12,673 |  |  | $16,068 |
Grant date fair value of restricted stock units vested | 6,982 |  |  | 5,949 |  |  | 4,454 |
Cash used to purchase common shares from current and former employees to pay withholding tax requirements on restricted stock units vested | 2,166 |  |  | 2,186 |  |  | 1,665 |
(a)Intrinsic value of restricted stock units outstanding is based on the market price of the Company’s stock at December 31, 2025, 2024 and 2023.
| 2025
| Number of Shares |  | Weighted Average Grant Date Fair Value
Non-vested Restricted Stock Units at January 1, | 485,552 |  |  | $33.17 |
Granted | 246,662 |  |  | 27.56 |
Vested | (222,530) |  |  | 31.37 |
Cancelled | (32,043) |  |  | 31.33 |
Non-vested Restricted Stock Units at December 31, | 477,641 |  |  | $31.23 |
A summary of our restricted stock is presented below:
| 2025 |  | 2024 |  | 2023
Restricted stock granted | 44,924 |  |  | 32,928 |  |  | 36,403 |
Weighted average price of restricted stock granted | $24.21 |  |  | $30.37 |  |  | $30.22 |
Intrinsic value of restricted stock outstanding (a) | — |  |  | — |  |  | $66 |
Grant date fair value of restricted stock vested | 1,088 |  |  | 1,047 |  |  | 1,647 |
Cash used to purchase common shares from current and former employees to pay withholding tax requirements on restricted shares vested | — |  |  | 20 |  |  | 208 |
(a)Intrinsic value of restricted stock outstanding is based on the market price of the Company’s stock at December 31, 2023.
| 2025
| Number of Shares |  | Weighted Average Grant Date Fair Value
Non-vested Restricted Stock at January 1, | — |  |  | — |
Granted | 44,924 |  |  | $24.21 |
Vested | (44,924) |  |  | 24.21 |
Non-vested Restricted Stock at December 31, | — |  |  | — |
Schedule of Nonvested Performance-based Units Activity | A summary of our performance share units is presented below:
| 2025 |  | 2024 |  | 2023
Common shares reserved for performance shares granted during year | 294,574 |  |  | 320,640 |  |  | 285,863 |
Weighted average fair value of performance share units granted | $33.00 |  |  | $34.51 |  |  | $37.77 |
Intrinsic value of outstanding performance share units (a) | $10,551 |  |  | $11,463 |  |  | $12,730 |
Fair value of performance shares vested | 3,696 |  |  | 6,388 |  |  | 5,863 |
Cash used to purchase common shares from current and former employees to pay withholding tax requirements on performance shares vested | 732 |  |  | 1,975 |  |  | 2,342 |
(a)Intrinsic value of outstanding performance share units is based on the market price of the Company's stock at December 31, 2025, 2024 and 2023.
| 2025
| Number of Units |  | Weighted Average Grant Date Fair Value
Outstanding Performance Share units at January 1, | 439,186 |  |  | $38.50 |
Granted | 186,462 |  |  | 33.00 |
Units Distributed | (109,370) |  |  | 45.67 |
Other Cancellations/Adjustments | (28,917) |  |  | 36.16 |
Outstanding Performance Share units at December 31, | 487,361 |  |  | $34.92 |
The following table provides an overview of the assumptions used in calculating the fair value of the awards granted for the three years ended December 31:
| 2025 |  | 2024 |  | 2023
Expected volatility | 25.3 | % |  | 26.4 | % |  | 29.9 | %
Risk-free rate | 3.8 | % |  | 4.5 | % |  | 3.7 | %
Liquidity discount applied to grants with a post-vesting holding restriction | 2.9 | % |  | 3.9 | % |  | 4.7 | %

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + 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)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration