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Stock-Based Compensation and Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Stock-Based Compensation Expense | Total stock-based compensation expense was as follows:
| Year ended December 31,
| 2024 |  | 2023 |  | 2022
Stock-based compensation | $ | 134,635 |  | $ | 126,686 |  | $ | 99,821
Stock-based compensation, net of income taxes | $ | 109,996 |  | $ | 107,210 |  | $ | 84,928
Total capitalized stock-based compensation included in leasehold improvements, property and equipment, net on the consolidated balance sheets | $ | 2,905 |  | $ | 2,670 |  | $ | 1,791
Excess tax benefit on stock-based compensation recognized in provision for income taxes on the consolidated statements of income and comprehensive income | $ | 23,419 |  | $ | 25,437 |  | $ | 24,689
Summary of SOSAR Activity Under Incentive Plan | A summary of SOSAR activity was as follows (in thousands, except years and per share data):
| Shares |  | Weighted-Average Exercise Price per Share |  | Weighted-Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value
Outstanding, January 1, 2024 | 14,738 |  | $ | 26.05 |  | 4.4 |  | $ | 290,156
Granted | 2,533 |  | 53.04 |  |  |  |
Exercised | (5,077) |  | 21.83 |  |  |  |
Forfeited | (1,780) |  | 38.56 |  |  |  |
Outstanding, December 31, 2024 | 10,414 |  | 32.53 |  | 4.2 |  | 289,373
Exercisable, December 31, 2024 | 4,152 |  | 22.88 |  | 2.6 |  | 155,371
Vested and expected to vest, December 31, 2024 | 9,997 |  | 32.07 |  | 4.1 |  | 282,450
Schedule of Assumptions for SOSAR | The weighted-average assumptions utilized in the Black-Scholes option-pricing model to estimate the fair value of SOSARs granted each year were as follows:
| 2024 |  | 2023 |  | 2022
Risk-free interest rate | 4.2% |  | 4.1% |  | 2.1%
Expected life (years) | 3.6 |  | 3.6 |  | 3.6
Expected dividend yield | 0.0% |  | 0.0% |  | 0.0%
Volatility | 35.7% |  | 36.4% |  | 36.0%
Weighted-average Black-Scholes fair value per share at date of grant | $ | 16.98 |  | $ | 10.60 |  | $ | 9.13
Summary of Share-Based Payment Arrangement, Restricted Stock Unit, Activity | A summary of RSU award activity was as follows (in thousands, except per share data):
| Shares |  | Weighted-Average Grant Date Fair Value per Share
Outstanding, January 1, 2024 | 3,002 |  | $ | 32.08 |
Granted | 2,615 |  | 53.67 |
Vested | (948) |  | 31.96 |
Forfeited | (322) |  | 39.58 |
Outstanding, December 31, 2024 | 4,347 |  | 44.54 |
Vested and expected to vest, December 31, 2024 | 3,919 |  | 44.21 |
Summary of Share-Based Payment Arrangement, Performance Shares, Activity | A summary of PSU award activity was as follows (in thousands, except per share data):
| Shares |  | Weighted-Average Grant Date Fair Value per Share
Outstanding, January 1, 2024 | 2,794 |  | $ | 31.24
Granted | 866 |  | 52.90
Vested | (777) |  | 29.59
Forfeited | (838) |  | 37.89
Outstanding, December 31, 2024 | 2,045 |  | 38.32
Vested and expected to vest, December 31, 2024* | 3,649 |  | 37.78
*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.
Summarization of Estimated Current and Long-Term Cash Requirements for Deferred Compensation | The following table summarizes estimated current and long-term material cash requirements for our deferred compensation plan as of December 31, 2024:
| Payments Due by Fiscal Year
| Total |  | 2025 |  | 2026-2027 |  | 2028-2029 |  | Thereafter
Deferred compensation(1) | $ | 36,509 |  | $ | 7,172 |  | $ | 8,763 |  | $ | 8,055 |  | $ | 12,518
(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.

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