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Shareholders' Equity
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
A summary of changes in shareholders’ equity for the three months ended March 31, 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— — 394,269 — — — 394,269 
Purchase of common stock for treasury— — — (498,776)— — (498,776)
Equity-based compensation— 17,141 — — — — 17,141 
Proceeds from Options exercised— 67,022 — — — — 67,022 
Treasury stock issued upon Option exercise and RSU vesting— (26,984)— 26,984 — — — 
Balance, March 31, 2024$206 $2,905,707 $13,759,294 $(12,320,826)$(16,710)$16,710 $4,344,381 
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 

We repurchased 66,858 and 21,174 shares of our outstanding common stock during the three months ended March 31, 2024 and 2023, respectively. We settle Option exercises and vesting of RSUs by issuing shares of treasury stock. We issued 38,977 and 43,941 shares from the treasury account during the three months ended March 31, 2024 and 2023, respectively, in settlement of Option exercises and vesting of RSUs. Shares are relieved from the treasury account based on the weighted average cost basis of treasury shares.