Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2023

Mar. 31, 2022

Equity [Abstract]

Summary of Changes in Shareholders' Equity

A summary of changes in shareholders’ equity for the three months ended March 31, 2023 is presented below:

	Common Stock		Additional Paid-In Capital		Retained Earnings		Treasury Stock		Deferred Compensation Trust		Deferred Compensation Liability		Total
Balance, December 31, 2022	$	206	$	2,600,014	$	11,773,414	$	(10,866,785)	$	(16,710)	$	16,710	$	3,506,849
Net income	—		—		344,352		—		—		—		344,352
Purchase of common stock for treasury	—		—		—		(110,048)		—		—		(110,048)
Equity-based compensation	—		22,277		—		—		—		—		22,277
Proceeds from Options exercised	—		81,916		—		—		—		—		81,916
Treasury stock issued upon Option exercise and RSU vesting	—		(27,566)		—		27,566		—		—		—
Balance, March 31, 2023	$	206	$	2,676,641	$	12,117,766	$	(10,949,267)	$	(16,710)	$	16,710	$	3,845,346

A summary of changes in shareholders’ equity for the three months ended March 31, 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	—		—		426,100		—		—		—		426,100
Purchase of common stock for treasury	—		—		—		(748,788)		—		—		(748,788)
Equity-based compensation	—		11,668		—		—		—		—		11,668
Proceeds from Options exercised	—		34,241		—		—		—		—		34,241
Treasury stock issued upon Option exercise and RSU vesting	—		(7,440)		—		7,440		—		—		—
Balance, March 31, 2022	$	206	$	2,416,660	$	10,473,939	$	(10,165,206)	$	(16,710)	$	16,710	$	2,725,599