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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
STOCK-BASED COMPENSATION  
Schedule of weighted-average assumptions used to estimate the fair value of options granted

Three-Months Ended June 30, 

Six-Months Ended June 30, 

    

2025

    

2024

    

2025

    

2024

Dividend yield

0.0

%  

0.0

%

0.0

%

0.0

%

Expected volatility

26.5

%  

27.5

%

26.7

%

27.5

%

Risk-free interest rate

4.1

%  

4.4

%

4.2

%

4.3

%

Expected term

6.1

years

6.4

years

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

Granted 04/01/25 - 06/30/25

 

21

$

60.28

Exercised

 

(3,001)

$

29.21

Cancelled or forfeited

 

(213)

$

52.00

Outstanding at June 30, 2025

 

25,194

$

40.88

 

5.8

$

584,124

Vested and expected to vest in the future at June 30, 2025

24,372

$

40.48

5.8

$

540,196

Exercisable at June 30, 2025

13,894

$

32.41

3.9

$

420,082

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

Number of Shares

Weighted-Average

    

(in thousands)

    

Grant-Date Fair Value

Non-vested at January 1, 2025

1,682

$

46.16

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

1,017

$

55.08

Granted 04/01/25 - 06/30/25

33

$

62.68

Vested

(620)

$

39.25

Forfeited/cancelled

(48)

$

37.99

Non-vested at June 30, 2025

2,064

$

53.08

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.