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Incentive and Deferred Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Compensation Related Costs [Abstract]  
Schedule of Disclosure of Share-Based Compensation Arrangements
The following table presents the fully vested plan awards for the related performance periods at December 31: (1)

(dollars in thousands)
  2025 (2)
202420232022
LTIP performance period2023-20252022-20242021-20232020-2022
Fully vested plan award fair value $2,631 $4,902 $249 $3,801 
(1)    Distributions to participants are made in June of the year following the close of the performance period.
(2)    The 2025 award is estimated based upon the peer group information as of September 30, 2025. Distributions will be made in 2026 once peer group financial information becomes available.


The following table presents the total compensation cost charged to operations related to the LTIP awards, net of forfeitures, and the related tax benefits recognized in income, for the years ended December 31:

(in thousands)202520242023
Total compensation cost$663 $1,542 $7,332 
Tax benefit $139 $324 $1,540 
The following table presents amounts related to shares purchased by the rabbi trust to satisfy the liability of awards deferred under the plan, and dividend equivalent credits on rabbi trust shares, for the years ended December 31:

(dollars in thousands, except per share data)202520242023
LTIP performance period2022-20242021-20232020-2022
AIP performance period202420232022
Shares purchased001,608
Average price paid per share$0.00 $0.00 $230.71 
Cost of shares purchased$0 $0 $371 
The following table presents amounts related to shares purchased by the rabbi trust to satisfy the liability of the plan and dividend equivalent credits on rabbi trust shares, and the total compensation cost charged to operations, for the years ended December 31:

(dollars in thousands, except per share data)202520242023
Shares purchased774,0445,894
Average price paid per share$283.14 $405.60 $238.73 
Cost of shares purchased$22 $1,640 $1,407 
Total compensation cost$547 $1,052 $893 
The following table presents amounts related to shares purchased to satisfy ECP plan liabilities and the total compensation cost charged to operations, for the years ended December 31:

(dollars in thousands, except per share data)2025
  2024 (1)
2023
Shares purchased5,21501,610
Average price paid per share$418.26 $0.00 $252.32 
Cost of shares purchased$2,181 $0 $406 
Total compensation cost (2)
$2,830 $6,895 $4,022 
(1)    No shares were required to be purchased in the open market. The plan liability was satisfied in cash totaling $3.2 million.
(2)    The fluctuations in all years are due to changes in number of participants and/or our stock price.
Schedule of Deferred Executive Compensation Liability
The following table sets forth a reconciliation of beginning and ending balances of our deferred executive compensation liability as of December 31:
(in thousands)
202520242023
Deferred executive compensation, beginning of the year$34,595 $31,918 $25,760 
Annual incentive plan awards5,571 8,574 7,401 
Long-term incentive plan awards698 1,786 7,332 
Employer match and hypothetical earnings on deferred compensation2,962 4,680 2,828 
Total plan awards and earnings9,231 15,040 17,561 
Total plan awards paid(12,899)(8,105)(10,211)
Compensation deferred2,414 1,701 1,809 
Distributions from the deferred compensation plans(1,434)(2,372)(313)
Forfeitures (1)
(35)(244)— 
Funding of rabbi trust for deferred stock compensation plan for outside directors(22)(1,640)(1,407)
Funding of rabbi trust for incentive compensation deferral plan (2)
(400)(1,703)(1,281)
Deferred executive compensation, end of the year$31,450 $34,595 $31,918 

(1)    Forfeitures are the result of plan participants who separated from service and are recognized in the year they occur.
(2)    In 2025, 2024, and 2023, funding includes $0.4 million, $1.7 million and $0.9 million, respectively, representing shares held back to satisfy tax withholding on rabbi trust distributions that reduce funding requirements for performance award deferrals.