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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2026
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

 

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

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

 

 

57,671,728

 

 

 

57,628,332

 

Shares outstanding

 

 

28,624,587

 

 

 

28,758,100

 

Treasury stock

 

 

 

 

 

 

Shares held

 

 

29,047,141

 

 

 

28,870,232

 

 

Summary of Shares of Common Stock Outstanding

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

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2026

 

 

2025

 

Balance at the beginning of the year

 

 

28,758,100

 

 

 

30,026,045

 

Repurchases

 

 

(176,909

)

 

 

(143,541

)

Restricted share issuances

 

 

43,396

 

 

 

76,807

 

Balance at the end of the period

 

 

28,624,587

 

 

 

29,959,311