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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Weighted Average Assumptions Used for Options Granted | The following weighted average assumptions were used for options granted in 2022:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Expected life (in years) | — |  |  | — |  |  | 5.0
Expected volatility | — |  |  | — |  |  | 28.3 | %
Risk-free interest rate | — |  |  | — |  |  | 3.3 | %
Schedule of Stock Option Activity | Options granted, exercised, forfeited and expired are summarized as follows:
| Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value
Outstanding at December 31, 2023 | 1,225 |  |  | $ | 229.63 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | (486) |  |  | 200.84 |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Outstanding at December 31, 2024 | 739 |  |  | $ | 248.53 |  |  | 4 |  | $ | 242,627 |
Exercisable at December 31, 2024 | 699 |  |  | $ | 241.48 |  |  | 4 |  | $ | 234,381 |
Other information pertaining to option activity was as follows during the twelve months ended December 31:
| 2024 |  | 2023 |  | 2022
Weighted average grant-date fair value of stock options granted | $ | — |  |  | $ | — |  |  | $ | 108.99 |
Total intrinsic value of stock options exercised | $ | 159,022 |  |  | $ | 58,261 |  |  | $ | 43,160 |
Schedule of RSU and PSU Activity | The following table summarizes restricted stock unit and performance stock unit activity during the periods presented (shares in thousands):
| Number of Shares |  | Weighted Average Grant Date Fair Value per Share
Unvested at December 31, 2023 | 646 |  |  | $ | 384.43 |
Granted | 290 |  |  | 512.31 |
Vested | (254) |  |  | 395.87 |
Forfeited | (21) |  |  | 408.12 |
Unvested at December 31, 2024 | 661 |  |  | $ | 435.18 |
Schedule of Share-Based Compensation Expense Related to Share-Based Awards | The following table summarizes share-based compensation expense related to share-based awards which is recorded in the consolidated statements of income:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Subscriptions, maintenance and professional services | $ | 31,322 |  |  | $ | 26,607 |  |  | $ | 27,486 |
Sales and marketing expense | 12,840 |  |  | 10,118 |  |  | 8,800 |
General and administrative expense | 78,651 |  |  | 71,613 |  |  | 66,699 |
Total share-based compensation expense | 122,813 |  |  | 108,338 |  |  | 102,985 |
Total tax benefit | (62,593) |  |  | (32,997) |  |  | (27,599) |
Net decrease in net income | $ | 60,220 |  |  | $ | 75,341 |  |  | $ | 75,386 |

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