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

Three-Months Ended September 30, 

Nine-Months Ended September 30, 

    

2025

    

2024

    

2025

    

2024

Dividend yield

0.0

%

0.0

%

0.0

%

Expected volatility

26.9

%

26.7

%

27.4

%

Risk-free interest rate

3.7

%

4.2

%

4.2

%

Expected term

6.3

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

Aggregate

Shares

Exercise Price

Term

Intrinsic

Options

    

(in thousands)

    

Per Share

    

(in years)

    

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

Granted 07/01/25 - 09/30/25

 

$

Exercised

 

(4,017)

$

28.47

Cancelled or forfeited

 

(317)

$

52.53

Outstanding at September 30, 2025

 

24,074

$

41.45

 

5.7

$

622,667

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

23,366

$

41.09

5.7

$

612,710

Exercisable at September 30, 2025

13,120

$

33.17

3.9

$

447,884

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

Granted 07/01/25 - 09/30/25

1

$

61.59

Vested

(631)

$

39.40

Forfeited/cancelled

(63)

$

42.44

Non-vested at September 30, 2025

2,039

$

53.09

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.