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Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2025
Stockholders' Equity Note [Abstract]  
Summary of Share Count and Par Value Data Related to Shareholders' Equity

Share count and par value data related to shareholders’ equity are as follows:

 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Preferred Stock

 

 

 

 

 

 

Par value per share

 

No par value

 

 

No par value

 

Shares authorized

 

 

25,000,000

 

 

 

25,000,000

 

Shares outstanding

 

 

 

 

 

Common Stock

 

 

 

 

 

 

Par value per share

 

No par value

 

 

No par value

 

Shares authorized

 

 

75,000,000

 

 

 

75,000,000

 

Shares issued

 

 

57,622,819

 

 

 

57,543,964

 

Shares outstanding

 

 

29,150,209

 

 

 

30,026,045

 

Treasury stock

 

 

 

 

 

 

Shares held

 

 

28,472,610

 

 

 

27,517,919

 

Summary of Common Shares Outstanding

A roll-forward of common shares outstanding is as follows:

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

Balance at the beginning of the year

 

 

30,026,045

 

 

 

30,824,248

 

Repurchases

 

 

(954,691

)

 

 

(744,439

)

Restricted share issuances

 

 

78,855

 

 

 

98,330

 

Balance at the end of the period

 

 

29,150,209

 

 

 

30,178,139