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Stock-Based Compensation and Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Stock-Based Compensation Expense

	Year ended December 31,
	2023			2022			2021
Stock-based compensation	$	126,686		$	99,821		$	178,703
Stock-based compensation, net of income taxes	$	107,210		$	84,928		$	159,972
Total capitalized stock-based compensation included in leasehold improvements, property and equipment, net on the consolidated balance sheets	$	2,670		$	1,791		$	2,311
Excess tax benefit on stock-based compensation recognized in provision for income taxes on the consolidated statements of income and comprehensive income	$	25,437		$	24,689		$	47,958

Summary of SOSAR Activity Under Incentive Plan

	Shares			Weighted-Average Exercise Price per Share			Weighted-Average Remaining Contractual Life (Years)			Aggregate Intrinsic Value
Outstanding, January 1, 2023		355		$	1,053.84					$	142,916
Granted		77			1,640.78
Exercised		(117)			722.87
Forfeited or cancelled		(20)			1,579.77
Outstanding, December 31, 2023		295			1,302.60			4.4			290,156
Exercisable, December 31, 2023		115			860.55			2.8			164,574
Vested and expected to vest, December 31, 2023		282			1,288.79			4.3			281,385

Schedule of Assumptions for SOSAR

		2023				2022				2021
Risk-free interest rate			4.1	%			2.1	%			0.3	%
Expected life (years)			3.6				3.6				3.7
Expected dividend yield			0.0	%			0.0	%			0.0	%
Volatility			36.4	%			36.0	%			35.2	%
Weighted-average Black-Scholes fair value per share at date of grant		$	530.22			$	456.44			$	403.01

Summarization of Estimated Current and Long-Term Cash Requirements for Deferred Compensation

		Payments Due by Fiscal Year
		Total			2024			2025-2026			2027-2028			Thereafter
Deferred compensation(1)		$	27,178		$	5,339		$	6,523		$	5,997		$	9,319

(1) Includes scheduled payments from our deferred compensation plan where payment dates are determinable for employed participants in accordance with the account’s election, and the assumption that active participants will retire at the age of 65 and begin distributions from their accounts at that time. This does not include future contributions, investment earnings, or future participants. Timing and amounts of payments may vary significantly.

Restricted Stock Units (RSUs) [Member]

Summary of Stock Award Activity Under Incentive Plan

							Shares			Weighted-Average Grant Date Fair Value per Share
Outstanding, January 1, 2023								55		$	1,396.78
Granted								37			1,666.18
Vested								(23)			1,211.81
Forfeited or cancelled								(9)			1,581.08
Outstanding, December 31, 2023								60			1,604.25
Vested and expected to vest, December 31, 2023								52			1,600.97

Performance Stock Awards (PSUs) [Member]

Summary of Stock Award Activity Under Incentive Plan

							Shares			Weighted-Average Grant Date Fair Value per Share
Outstanding, January 1, 2023								69		$	1,194.80
Granted								24			1,606.91
Vested								(33)			857.00
Expired								(4)			1,562.35
Outstanding, December 31, 2023								56			1,562.14
Vested and expected to vest, December 31, 2023*								114			1,557.11

*The vested and expected to vest total above represents outstanding base PSUs, adjusted for expected payout amounts in line with current and future estimated performance levels.

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