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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Valuation Assumptions
We estimated the fair values of stock options granted at the respective grant dates using the following weighted average assumptions:

Nine Months Ended
September 30,
20252024
Dividend yield5.2%6.4%
Expected volatility24.0%26.1%
Expected lives2.94 years2.9 years
Risk-free interest rate3.94%4.49%
Schedule of Stock Option Activity
A summary of the activity related to our stock options for the nine months ended September 30, 2025 follows:

Weighted
WeightedAverage
AverageRemaining
NumberExercise PriceContractual
of OptionsPer ShareLife (Years)
Options outstanding at December 31, 2024
1,416,215 $71.06 
Granted579,500 73.43 
Exercised(185,446)61.46 
Forfeited(63,503)64.34 
Expired(491,000)90.79 
Options outstanding at September 30, 2025
1,255,766 66.19 3.0
Options exercisable at September 30, 2025
843,578 64.55 2.4
A summary of the activity related to our stock options for the nine months ended September 30, 2024 follows:

Weighted
WeightedAverage
AverageRemaining
NumberExercise PriceContractual
of OptionsPer ShareLife (Years)
Options outstanding at December 31, 2023
2,447,171 $68.80 
Granted431,000 57.76 
Exercised(1,065,119)58.24 
Expired(301,837)79.96 
Options outstanding at September 30, 2024
1,511,215 70.87 2.0
Options exercisable at September 30, 2024
1,170,521 74.94 1.4
Schedule of Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award A summary of share-based compensation expense, net of forfeitures, by award type follows ($ in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2025202420252024
Stock options$637 $504 $3,691 $3,002 
Restricted stock awards346 166 921 510 
Total share-based compensation expense$983 $670 $4,612 $3,512