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Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Compensation Expense

Total share-based compensation expense was as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(In thousands)
Stock option expense			$	2,830					$	3,417					$	8,946					$	10,443
Restricted stock expense			5,443						5,106						15,768						15,232
Performance restricted stock unit expense			4,643						4,220						10,515						9,232
Total pre-tax expense			$	12,916					$	12,743					$	35,229					$	34,907

Schedule of Weighted Average Assumptions Used for Estimating Fair Values of Stock Options Granted

The following weighted average assumptions were used in the Black-Scholes-Merton model to estimate the fair values of stock options granted during the periods indicated:

			Nine Months Ended September 30, 2025						Year Ended December 31, 2024
Expected volatility			22.7		%				28.2		%
Expected term (years)			5.0						5.0
Risk-free interest rate			4.07		%				4.31		%
Expected dividend yield			0.70		%				0.62		%
Black-Scholes-Merton fair value per stock option granted			$	46.21					$	56.42

Schedule of Stock Option Activity and Related Information

The following is a summary of the Company’s stock option activity and related information:

			Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life						Aggregate Intrinsic Value
			(In thousands)												(Years)						(In millions)
Outstanding at December 31, 2024			2,140						$	114.33
Granted			267						176.08
Exercised			(203)						106.79
Forfeited			(40)						162.67
Outstanding at September 30, 2025			2,164						$	121.77					6.1						$	143.4
Exercisable at September 30, 2025			1,659						$	107.40					5.4						$	133.7

Schedule of Nonvested Restricted Stock Activity and Related Information

The following is a summary of the Company’s non-vested restricted stock activity and related information:

			Shares						Weighted Average  Grant Date Fair Value
			(In thousands)
Non-vested restricted stock outstanding at December 31, 2024			277						$	159.71
Granted			165						176.34
Vested			(135)						150.79
Forfeited			(23)						169.25
Non-vested restricted stock outstanding at September 30, 2025			284						$	172.83

The following is a summary of the Company’s non-vested performance restricted stock activity and related information:

			Shares						Weighted Average  Grant Date Fair Value
			(In thousands)
Non-vested performance restricted stock outstanding at December 31, 2024			235						$	150.92
Granted			93						176.08
Performance assumption change 1			8						134.69
Vested			(92)						134.69
Forfeited			(3)						164.75
Non-vested performance restricted stock outstanding at September 30, 2025			241						$	166.09

_________________________________________

1 Reflects the number of PRSUs above target levels based on performance metrics.

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Tabular disclosure of share-based payment arrangement.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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