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CAPITAL STOCK AND STOCK AWARD PLANS (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | A summary expense recognized within personnel expenses in our consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):
| 2024 |  | 2023 |  | 2022
Stock options | $ | 4,352 |  |  | $ | 8,929 |  |  | $ | 13,025 |
Stock awards | 77,243 |  |  | 45,878 |  |  | 74,186 |
Company expense on ESPP discount | 2,995 |  |  | 3,362 |  |  | 3,466 |
Total stock-based compensation expense | $ | 84,590 |  |  | $ | 58,169 |  |  | $ | 90,677 |
Schedule of Stock Option Activity | The following schedule summarizes stock option activity in the plans.
| Options |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value (in thousands) |  | Average Remaining Life (years)
Outstanding as of December 31, 2023 | 4,790,897 |  |  | $ | 78.83 |  |  | $ | 39,138 |  |  | 4.3
Exercised | (1,290,683) |  |  | 76.13 |  |  |  |  |
Forfeitures | (8,216) |  |  | 79.10 |  |  |  |  |
Outstanding as of December 31, 2024 | 3,491,998 |  |  | $ | 79.83 |  |  | $ | 82,024 |  |  | 3.6
Vested as of December 31, 2024 | 3,491,998 |  |  | $ | 79.83 |  |  |  |  | 3.6
Exercisable as of December 31, 2024 | 3,491,998 |  |  | $ | 79.83 |  |  |  |  | 3.6
Schedule of Intrinsic Value of Options Exercised | Information on the intrinsic value of options exercised is as follows (in thousands):
2024 | $ | 34,519 |
2023 | 14,442 |
2022 | 43,353 |
Schedule of Performance Based Restricted Shares and Restricted Stock Units | The following table summarizes activity related to our PSUs as of December 31, 2024:
| Number of Restricted Shares and Restricted Stock Units |  | Weighted Average Grant Date Fair Value
Unvested as of December 31, 2023 | 572,327 |  |  | $ | 86.69 |
Granted(1) | 364,794 |  |  | 73.43 |
Performance-based grant adjustment(2) | 4,626 |  |  | 65.96 |
Vested | (56,685) |  |  | 76.57 |
Forfeitures(3) | (242,805) |  |  | 77.86 |
Unvested as of December 31, 2024 | 642,257 |  |  | $ | 83.25 |
________________________________ (1)Amount represents PSU grants at target. (2)Amount represents incremental shares issuable for achievement of performance metrics above target. (3)Includes awards forfeited for not achieving performance targets. The following table summarizes unvested PSUs by vesting period at target:
First Vesting Date |  | Last Vesting Date |  | Performance Shares and Stock Units Granted, Net of Forfeitures |  | Weighted Average Grant Date Fair Value (1) |  | Unvested Performance Shares and Restricted Stock Units
December 31, 2023 |  | December 31, 2025 |  | 348,266 |  |  | $ | 92.13 |  |  | 325,119 |
December 31, 2024 |  | December 31, 2026 |  | 346,050 |  |  | 73.45 |  |  | 317,138 |
|  |  |  | 694,316 |  |  | $ | 82.82 |  |  | 642,257 |
________________________________ (1)Amount shown is the weighted average grant date fair value of PSUs granted, net of forfeitures.
Schedule of Unvested Time-Based Restricted Share and Restricted Stock Unit Grants | The following table summarizes activity related to our time-based restricted stock unit grants as of December 31, 2024:
| Number of Restricted Shares and Stock Units |  | Weighted Average Grant Date Fair Value
Unvested as of December 31, 2023 | 1,019,276 |  |  | $ | 87.36 |
Granted | 653,221 |  |  | 74.90 |
Vested | (826,671) |  |  | 81.34 |
Forfeitures | (122,871) |  |  | 85.87 |
Unvested as of December 31, 2024 | 722,955 |  |  | $ | 83.22 |
Schedule of Fair Value Stock Awards Vested | A summary of the fair value of stock awards vested (in thousands):
2024 | $ | 71,587 |
2023 | 53,868 |
2022 | 74,186 |
Schedule of Employee Stock Purchase Plan Activity | The following is a summary of the employee stock purchase plan activity (dollar amounts in thousands):
| Shares Purchased By Employees |  | Aggregate Cost to Employees |  | Expense Recognized By the Company
2024 | 224,578 |  |  | $ | 16,973 |  |  | $ | 2,995 |
2023 | 240,418 |  |  | 19,051 |  |  | 3,362 |
2022 | 229,705 |  |  | 19,643 |  |  | 3,466 |
Schedule of Share Repurchase Program Activity | The activity under these authorizations is as follows (dollar amounts in thousands):
| Shares Repurchased |  | Total Value of Shares Repurchased
2024 Repurchases | — |  |  | $ | — |
2023 Repurchases | 645,753 |  |  | 62,778 |
2022 Repurchases | 14,226,190 |  |  | 1,456,713 |

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