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SHARE-BASED COMPENSATION AND BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Stock Option Activity

The following is a summary of stock option activity under the 2021 Plan and the 2014 Plan as of and for the year ended December 31, 2024:

		Options				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Term (in years)				Aggregate Intrinsic Value
Options outstanding at December 31, 2023			410,865			$	260.82
Granted			41,200				431.36
Exercised			(137,320	)			222.78
Forfeited			(11,250	)			288.67
Expired			(3,000	)			164.30
Options outstanding at December 31, 2024			300,495			$	301.50				2.50			$	51,907
Options exercisable at December 31, 2024			78,102			$	249.19				1.36			$	17,560

Summary of Restricted Stock Activity

The following is a summary of restricted stock activity as of and for the year ended December 31, 2024:

		Shares				Weighted- Average Grant Date Fair Value
Restricted stock outstanding at December 31, 2023			2,736,681			$	124.56
Granted			110,160				428.46
Vested			(199,329	)			33.18
Forfeited			(21,215	)			261.60
Restricted stock outstanding at December 31, 2024			2,626,297			$	143.14

Valuation Assumptions Used for Stock Option Awards

The following table presents the weighted-average assumptions used for stock options granted:

Years Ended December 31,		2024				2023				2022
Expected term in years			5.16				4.25				4.25
Risk-free interest rate			4.17	%			4.11	%			3.04	%
Expected volatility			24.72	%			25.38	%			23.10	%
Expected dividend yield			2.55	%			3.15	%			2.84	%
Grant date fair value		$	93.88			$	67.32			$	46.60

Share-Based Compensation Expense

The following table provides information on share-based compensation expense:

Years Ended December 31,		2024				2023				2022
Stock options		$	3,798			$	3,603			$	3,856
Restricted stock			31,224				26,397				24,965
Share-based compensation expense		$	35,022			$	30,000			$	28,821

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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