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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Activity in Stock Award Plans
The activity in the Stock Plan is displayed in the following table:
Year Ended
Authorized Shares Available for Future Award GrantsDecember 31, 2025
Beginning balance1,335,589 
Additional shares authorized 
Number of awards granted(394,027)
Number of awards forfeited or expired146,286 
Performance-based adjustments(86,328)
Ending balance1,001,520 
Number of option awards exercised15,363 
Number of restricted stock awards vested93,020 
The activity in the Director Stock Plan is displayed in the following table:
Year Ended
Authorized Shares Available for Future Award GrantsDecember 31, 2025
Beginning balance71,410 
Additional authorization 
Number of awards granted(36,524)
Number of awards forfeited or expired 
Ending balance34,886 
Number of option awards exercised 
Number of restricted stock awards vested32,190 
Summary of Recognition of Stock-Based Compensation Expense We expect this compensation to be recognized in subsequent years according to the following table, except with respect to awards that are accelerated by the Board of Directors, in which case we will recognize any remaining compensation expense in the period in which the awards are accelerated.
2026$6,875 
20273,360 
2028415 
Total$10,650 
Summary of Analysis of Award Activity
The analysis below details the option award activity for 2025 and the awards outstanding at December 31, 2025, for both of our plans and ad hoc options, which were granted prior to the adoption of the other plans:
OptionsSharesWeighted-Average Exercise Price
Weighted-Average Remaining Life (in years)
Aggregate Intrinsic Value
Outstanding at January 1, 2025226,127 $32.91 
Granted  
Exercised(15,363)29.12 
Cancelled/Forfeited(29,164)42.34 
Expired(12,737)29.12 
Outstanding at December 31, 2025168,863 $31.91 5.67$1,044 
Exercisable at December 31, 2025138,907 $32.75 5.35$793 
Summary of Restricted Stock Award Activity
The analysis below details the award activity for the restricted stock, restricted stock unit, and performance stock unit awards outstanding at December 31, 2025:
Restricted stock awardsSharesWeighted-Average Grant Date Fair Value
Non-vested at January 1, 2025596,787 $23.67 
Granted430,551 26.12 
Vested(169,612)24.13 
Forfeited(87,685)25.91 
PSU projected performance adjustment112,421 24.09 
Non-vested at December 31, 2025882,462 $24.74 
Summary of Weighted-average Grant-Date Fair Value Assumptions
The weighted-average grant-date fair value of the options granted under our plans has been estimated using the Black-Scholes option pricing model with the following weighted-average assumptions. There were no option grants during the years ended December 31, 2025 and 2024.
December 31,202520242023
Risk-free interest rateN/AN/A4.09 %
Expected volatility (historical)
N/AN/A41.85 %
Expected option life (in years)
N/AN/A7
Expected dividends (in dollars)
N/AN/A$0.64 
Weighted-average grant-date fair value of options granted during the year (in dollars)
N/AN/A$10.95 
Summary of Stock Options Outstanding and Exercisable
The following table summarizes information regarding the stock options outstanding and exercisable at December 31, 2025:
 Options OutstandingOptions Exercisable
Range of Exercise Prices
Number Outstanding (in shares)
Weighted-Average Remaining Contractual Life (in years)
Weighted-Average Exercise Price
Number Exercisable (in shares)
Weighted-Average Exercise Price
$— 20.00— 0$— — $— 
20.01 30.00130,361 6.7728.34 100,405 28.45 
30.01 40.0010,069 0.1439.91 10,069 39.91 
40.01 50.0023,613 2.5043.60 23,613 43.60 
50.01 60.004,820 3.1354.26 4,820 54.26 
$20.01 60.00168,863 5.67$31.91 138,907 $32.75