At March 31, 2026, we had five active stock-based compensation plans: the Non-Employee Directors’ Stock Retirement Plan (“Directors’ Plan”), the 2004 Omnibus Long-Term Incentive Plan (“2004 Plan”), the 2009 Omnibus Equity and Performance Incentive Plan (“2009 Plan”), the 2014 Performance and Incentive Compensation Plan (“2014 Plan”), and the 2018 Equity and Incentive Compensation Plan (“2018 Plan”). Future grants can only be made under the 2018 Plan.

The 2018 Plan allows for grants of stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), performance shares, performance units, and other stock awards subject to the terms of the 2018 Plan.

The following table summarizes the compensation expense included in selling, general and administrative expenses in the Condensed Consolidated Statements of Earnings related to stock-based compensation plans:


	Three Months Ended
	March 31,		March 31,
	2026		2025
Service-based RSUs	$	1,003	$	947
Performance-based RSUs		812		485
Cash-settled RSUs		197		215
Total	$	2,012	$	1,647
Income tax benefit		473		387
Net expense	$	1,539	$	1,260

The following table summarizes the unrecognized compensation expense related to unvested RSUs by type and the weighted-average period in which the expense is to be recognized:


	Unrecognized
	Compensation		Weighted-
	Expense at		Average
	March 31, 2026		Period (years)
Service-based RSUs	$	4,897		1.58
Performance-based RSUs		6,172		2.27
Total	$	11,069		1.96

We recognize expense on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was, in substance, multiple awards.

The following table summarizes the status of these plans as of March 31, 2026:


	2018 Plan		2014 Plan		2009 Plan		2004 Plan		Directors' Plan
Awards originally available		2,500,000		1,500,000		3,400,000		6,500,000	N/A
Maximum potential awards outstanding		733,657		35,100		30,000		14,545		4,722
RSUs and cash-settled awards vested and released		869,782		—		—		—		—
Awards available for grant		896,561		—		—		—		—

The following table summarizes the service-based RSU activity for the three months ended March 31, 2026:


	Units			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2025		320,640		$	34.82
Granted		56,358			56.60
Vested and released		(50,703	)		44.49
Forfeited		(2,002	)		41.78
Outstanding at March 31, 2026		324,293		$	37.04
Releasable at March 31, 2026		169,267		$	26.42

The following table summarizes the performance-based RSU activity for the three months ended March 31, 2026:


	Units			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2025		200,598		$	44.07
Granted		69,645			56.80
Attained by performance		5,400			43.80
Released		(24,466	)		43.80
Forfeited		(30,204	)		43.71
Outstanding at March 31, 2026		220,973		$	48.19
Releasable at March 31, 2026		—		$	—

Cash-Settled RSUs entitle the holder to receive the cash equivalent of one share of common stock for each unit when the unit vests. These RSUs are issued to key employees residing in foreign locations as direct compensation. Generally, these RSUs vest over a three-year period. Cash-Settled RSUs are classified as liabilities and are remeasured at each reporting date until settled. At March 31, 2026 and December 31, 2025, we had 37,830 and 39,661 Cash-Settled RSUs outstanding, respectively. At March 31, 2026 and December 31, 2025, liabilities of $432 and $594, respectively, were included in accrued expenses and other liabilities on our Condensed Consolidated Balance Sheets.