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Stock-Based Compensation and Employee Benefit Plans (Tables)

12 Months Ended

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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