Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2025

Assumptions Used to Determine Grant-Date Fair Value of Options

The fair value of each stock option or SEU granted in the year was calculated with the following weighted average assumptions to determine the grant-date fair values of the share-based compensation:

	2025			2024			2023
Dividend yield		1.51	%		1.13	%		1.16	%
Expected life	3 years			3 years			4 years
Volatility		27.0	%		25.5	%		39.7	%
Risk free interest rate		4.16	%		4.38	%		4.47	%

Employee Stock Option

Summary of Transactions of Company's Stock Option Plans

The following tables summarizes the transactions of the Company’s share-based compensation plans for the year ended December 31, 2025.

	Number of shares			Weighted Average Grant-Date Fair Value
Nonvested at December 31, 2024		574,671		$	86.2
Granted		166,337		$	107.1
Vested		(210,227	)	$	77.8
Forfeited		(11,831	)	$	72.5
Cancelled		(87,653	)	$	31.3
Nonvested at December 31, 2025		431,297		$	109.5

	Number of shares			Weighted Average Exercise price		Weighted-Average Remaining Contractual Term (years)
Outstanding at December 31, 2024		619,705		$	23.5
Granted		166,337		$	—
Exercised		(139,904	)	$	3.5
Forfeited		(17,281	)	$	34.0
Cancelled		(87,653	)	$	75.7
Outstanding at December 31, 2025		541,204		$	12.7		2.1
Exercisable at December 31, 2025		109,907		$	49.1		2.7