v3.25.4
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Compensation Related Costs [Abstract]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of the Company’s stock-settled RSU activity and related information is as follows. Grants of stock-settled RSUs include time-based vesting conditions that generally vest ratably over a period of three years. Also included are grants of stock-settled RSUs with both time-based and performance-based or market-based vesting conditions that generally vest at the end of a three-year period.
 December 31, 2025December 31, 2024December 31, 2023
  RSUsWeighted
Average
Grant Date Fair Value		RSUsWeighted
Average
Grant Date Fair Value		RSUsWeighted
Average
Grant Date Fair Value
Outstanding at beginning of year854,651 $67.48 1,081,679 $66.91 1,155,652 $61.12 
Granted317,974 77.52 421,642 63.98 405,434 68.63 
Vested(355,708)71.18 (528,208)63.56 (355,046)50.79 
Forfeited(30,614)70.82 (120,462)67.14 (124,361)66.98 
Outstanding at year-end786,303 $70.27 854,651 $67.48 1,081,679 $66.91 
Compensation expense$25,144,000 $20,212,000 $24,200,000 
Unrecognized compensation expense$17,836,000 $24,014,000 $28,585,000 
Weighted average years over which unrecognized compensation expense is expected to be recognized1.701.761.89
Fair value of shares vested during the year$25,319,000 $33,572,000 $18,117,000 
Intrinsic value of shares vested during the year
$28,922,000 $32,049,000 $20,125,000 
A summary of the Company’s cash-settled RSU activity and related information is as follows. Grants of cash-settled RSUs include time-based vesting conditions that generally vest ratably over a period of three years. Since these units have a cash payout feature, they are accounted for under the liability method with related expense based on the stock price at period end.
December 31, 2025December 31, 2024December 31, 2023
RSUs outstanding at beginning of year
194,811 — — 
Granted261,921 226,864 — 
Vested(67,955)(55)— 
Forfeited(56,183)(31,998)— 
RSUs outstanding at year-end
332,594 194,811 — 
Compensation expense$11,615,000 $4,481,000 $— 
Weighted average years over which unrecognized compensation expense is expected to be recognized1.882.190.00
Schedule of Share-Based Payment Award, Valuation Assumptions The value of performance awards that include a market-based condition is estimated on the date of grant using a Monte Carlo simulation model with the following weighted average assumptions:
December 31, 2025December 31, 2024December 31, 2023
Risk-free interest rate
4.20 %4.41 %4.14 %
Expected stock price volatility
37.1 %38.3 %50.2 %
Simulation period
2.92 years2.87 years2.89 years