Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2025

A summary of changes in shareholders’ equity for the three months ended September 30, 2025 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, June 30, 2025	$	206	$	3,085,904	$	15,680,266	$	(14,921,245)	$	(16,710)	$	16,710	$	3,845,131

Net income	—		—		342,688		—		—		—		342,688

Purchase of common stock for treasury	—		—		—		(278,094)		—		—		(278,094)
Equity-based compensation	—		17,356		—		—		—		—		17,356
Proceeds from Options exercised	—		39,681		—		—		—		—		39,681
Treasury stock issued upon Option exercise and RSU vesting	—		(10,961)		—		10,961		—		—		—
Balance, September 30, 2025	$	206	$	3,131,980	$	16,022,954	$	(15,188,378)	$	(16,710)	$	16,710	$	3,966,762

A summary of changes in shareholders’ equity for the nine months ended September 30, 2025 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, December 31, 2024	$	206	$	3,031,637	$	15,046,953	$	(13,868,724)	$	(16,710)	$	16,710	$	4,210,072

Net income	—		—		976,001		—		—		—		976,001

Purchase of common stock for treasury	—		—		—		(1,342,349)		—		—		(1,342,349)
Equity-based compensation	—		53,695		—		—		—		—		53,695
Proceeds from Options exercised	—		69,343		—		—		—		—		69,343
Treasury stock issued upon Option exercise and RSU vesting	—		(22,695)		—		22,695		—		—		—
Balance, September 30, 2025	$	206	$	3,131,980	$	16,022,954	$	(15,188,378)	$	(16,710)	$	16,710	$	3,966,762

A summary of changes in shareholders’ equity for the three months ended September 30, 2024 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, June 30, 2024	$	206	$	2,935,053	$	14,160,198	$	(12,961,549)	$	(16,710)	$	16,710	$	4,133,908


Net income	—		—		429,323		—		—		—		429,323

Purchase of common stock for treasury	—		—		—		(359,520)		—		—		(359,520)
Equity-based compensation	—		19,223		—		—		—		—		19,223
Proceeds from Options exercised	—		48,314		—		—		—		—		48,314
Treasury stock issued upon Option exercise	—		(12,814)		—		12,814		—		—		—
Balance, September 30, 2024	$	206	$	2,989,776	$	14,589,521	$	(13,308,255)	$	(16,710)	$	16,710	$	4,271,248

A summary of changes in shareholders’ equity for the nine months ended September 30, 2024 is presented below:


	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, December 31, 2023	$	206	$	2,848,528	$	13,365,025	$	(11,849,034)	$	(16,710)	$	16,710	$	4,364,725


Net income	—		—		1,224,496		—		—		—		1,224,496

Purchase of common stock for treasury	—		—		—		(1,503,216)		—		—		(1,503,216)
Equity-based compensation	—		54,465		—		—		—		—		54,465
Proceeds from Options exercised	—		130,778		—		—		—		—		130,778
Treasury stock issued upon Option exercise and RSU vesting	—		(43,995)		—		43,995		—		—		—
Balance, September 30, 2024	$	206	$	2,989,776	$	14,589,521	$	(13,308,255)	$	(16,710)	$	16,710	$	4,271,248