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CAPITAL STOCK AND STOCK AWARD PLANS (Tables)
12 Months Ended
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):
202420232022
Stock options$4,352 $8,929 $13,025 
Stock awards77,243 45,878 74,186 
Company expense on ESPP discount2,995 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.
OptionsWeighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
(in thousands)
Average
Remaining
Life
(years)
Outstanding as of December 31, 20234,790,897 $78.83 $39,138 4.3
Exercised(1,290,683)76.13 
Forfeitures(8,216)79.10 
Outstanding as of December 31, 20243,491,998 $79.83 $82,024 3.6
Vested as of December 31, 20243,491,998 $79.83 3.6
Exercisable as of December 31, 20243,491,998 $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 
202314,442 
202243,353 
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 UnitsWeighted Average
Grant Date Fair Value
Unvested as of December 31, 2023572,327 $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, 2024642,257 $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 DateLast Vesting DatePerformance Shares and Stock Units
Granted, Net of
Forfeitures
Weighted
Average Grant
Date Fair Value (1)
Unvested Performance Shares and Restricted Stock Units
December 31, 2023December 31, 2025348,266 $92.13 325,119 
December 31, 2024December 31, 2026346,050 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, 20231,019,276 $87.36 
Granted653,221 74.90 
Vested(826,671)81.34 
Forfeitures(122,871)85.87 
Unvested as of December 31, 2024722,955 $83.22 
Schedule of Fair Value Stock Awards Vested
A summary of the fair value of stock awards vested (in thousands): 
2024$71,587 
202353,868 
202274,186 
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
2024224,578 $16,973 $2,995 
2023240,418 19,051 3,362 
2022229,705 19,643 3,466 
Schedule of Share Repurchase Program Activity The activity under these authorizations is as follows (dollar amounts in thousands):
Shares RepurchasedTotal Value of Shares
Repurchased
2024 Repurchases— $— 
2023 Repurchases645,753 62,778 
2022 Repurchases14,226,190 1,456,713