Earnings per Share

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table summarizes the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the years ending December 31:

	2025		2024		2023
Weighted average common shares issued	125,614,804		123,603,380		122,780,523
Average treasury shares	(22,102,372)		(21,435,256)		(21,004,846)
Average deferred compensation shares	(56,603)		(57,200)		(56,206)
Average unearned nonvested shares	(235,748)		(197,813)		(163,044)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	103,220,081		101,913,111		101,556,427
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share	247,343		235,843		208,819
Additional common stock equivalents (deferred compensation) used to calculate diluted earnings per share	56,706		56,543		56,955
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	103,524,130		102,205,497		101,822,201
Per Share Data
Basic Earnings Per Share	$	1.48	$	1.40	$	1.55
Diluted Earnings Per Share	$	1.47	$	1.39	$	1.54

The following table shows the number of shares and the price per share related to common stock equivalents that were not included in the computation of diluted earnings per share for the years ended December 31, because to do so would have been anti-dilutive.

	2025					2024					2023
		Price Range					Price Range					Price Range
	Shares	From		To		Shares	From		To		Shares	From		To
Restricted Stock	173,918	$	12.39	$	18.62	127,230	$	12.39	$	18.62	114,177	$	12.70	$	16.43
Restricted Stock Units	—	$	—	$	—	—	$	—	$	—	34,305	$	17.53	$	17.53