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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2025
STOCK-BASED COMPENSATION  
Schedule of weighted-average assumptions used to estimate the fair value of options granted

Three-Months Ended March 31, 

    

2025

    

2024

Dividend yield

0.0

%  

0.0

%

Expected volatility

26.7

%  

27.5

%

Risk-free interest rate

4.2

%  

4.3

%

Expected term

6.2

years

6.4

years

Schedule of activities with respect to its stock option plans

Weighted-

Average

Weighted-

Remaining

Number of

Average

Contractual

Shares

Exercise Price

Term

Aggregate

Options

    

(in thousands)

    

Per Share

    

(in years)

    

Intrinsic Value

Outstanding at January 1, 2025

 

27,088

$

38.98

 

5.8

$

400,207

Granted 01/01/25 - 03/31/25

 

1,299

$

55.09

Exercised

 

(1,754)

$

27.42

Cancelled or forfeited

 

(92)

$

50.99

Outstanding at March 31, 2025

 

26,541

$

40.49

 

6.0

$

485,790

Vested and expected to vest in the future at March 31, 2025

25,610

$

40.05

5.9

$

479,783

Exercisable at March 31, 2025

15,128

$

32.33

4.2

$

397,032

Schedule of activities with respect to non-vested restricted stock units and performance share units

Number of Shares

Weighted-Average Grant-

    

(in thousands)

    

Date Fair Value

Non-vested at January 1, 2025

1,682

$

46.16

Granted 01/01/25 - 03/31/251

1,017

$

55.08

Vested

(613)

$

39.14

Forfeited/cancelled

(44)

$

36.62

Non-vested at March 31, 2025

2,042

$

52.92

1The grant activity for performance share units is recorded based on the target performance level earning 100% of target performance share units. The actual number of performance share units earned could range from 0% to 200% of target depending on the achievement of pre-established performance goals.