Shareholders' Equity (Tables)

3 Months Ended

6 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Jun. 30, 2022

Jun. 30, 2021

Equity [Abstract]

Summary of Changes in Shareholders' Equity

A summary of changes in shareholders’ equity for the three months ended June 30, 2022 is presented below:

	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, March 31, 2022	$	206	$	2,416,660	$	10,473,939	$	(10,165,206)	$	(16,710)	$	16,710	$	2,725,599
Net income	—		—		433,314		—		—		—		433,314
Purchase of common stock for treasury	—		—		—		(266,915)		—		—		(266,915)
Equity-based compensation	—		20,087		—		—		—		—		20,087
Proceeds from Options exercised	—		79,581		—		—		—		—		79,581
Treasury stock issued upon Option exercise	—		(18,205)		—		18,205		—		—		—
Balance, June 30, 2022	$	206	$	2,498,123	$	10,907,253	$	(10,413,916)	$	(16,710)	$	16,710	$	2,991,666

A summary of changes in shareholders’ equity for the three months ended June 30, 2021 is presented below:

	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, March 31, 2021	$	206	$	2,272,006	$	9,059,882	$	(8,285,587)	$	(16,710)	$	16,710	$	3,046,507
Net income	—		—		321,295		—		—		—		321,295
Purchase of common stock for treasury	—		—		—		(376,941)		—		—		(376,941)
Equity-based compensation	—		13,379		—		—		—		—		13,379
Proceeds from Options exercised	—		38,048		—		—		—		—		38,048
Treasury stock issued upon Option exercise and RSU vesting	—		(8,869)		—		8,869		—		—		—
Balance, June 30, 2021	$	206	$	2,314,564	$	9,381,177	$	(8,653,659)	$	(16,710)	$	16,710	$	3,042,288

A summary of changes in shareholders’ equity for the six months ended June 30, 2022 is presented below:

	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, December 31, 2021	$	206	$	2,378,191	$	10,047,839	$	(9,423,858)	$	(16,710)	$	16,710	$	3,002,378
Net income	—		—		859,414		—		—		—		859,414
Purchase of common stock for treasury	—		—		—		(1,015,703)		—		—		(1,015,703)
Equity-based compensation	—		31,755		—		—		—		—		31,755
Proceeds from Options exercised	—		113,822		—		—		—		—		113,822
Treasury stock issued upon Option exercise	—		(25,645)		—		25,645		—		—		—
Balance, June 30, 2022	$	206	$	2,498,123	$	10,907,253	$	(10,413,916)	$	(16,710)	$	16,710	$	2,991,666

A summary of changes in shareholders’ equity for the six months ended June 30, 2021 is presented below:

	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, December 31, 2020	$	206	$	2,214,426	$	8,811,120	$	(7,922,678)	$	(16,710)	$	16,710	$	3,103,074
Net income	—		—		570,057		—		—		—		570,057
Purchase of common stock for treasury	—		—		—		(754,366)		—		—		(754,366)
Equity-based compensation	—		27,850		—		—		—		—		27,850
Proceeds from Options exercised	—		95,673		—		—		—		—		95,673
Treasury stock issued upon Option exercise and RSU vesting	—		(23,385)		—		23,385		—		—		—
Balance, June 30, 2021	$	206	$	2,314,564	$	9,381,177	$	(8,653,659)	$	(16,710)	$	16,710	$	3,042,288