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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
Schedule of Stock-based Compensation Expense | The Company recognized stock-based compensation expense in its Consolidated Financial Statements in 2022, 2021 and 2020 as follows:
|  | 2022 |  | 2021 |  | 2020
Stock-based compensation expense |  | $ | 39,403 |  |  | $ | 41,451 |  |  | $ | 27,014 |
Less: Deferred tax benefit |  | (7,340) |  |  | (8,444) |  |  | (5,182) |
Stock-based compensation expense, net of tax |  | $ | 32,063 |  |  | $ | 33,007 |  |  | $ | 21,832 |
Schedule of Assumptions Used in the Weighted Average Fair Value of the Stock Options Granted | The weighted average fair value of the Company’s stock options granted during 2022, 2021 and 2020 were $17.95, $14.94 and $13.53, respectively, using the following assumptions:
|  | 2022 |  | 2021 |  | 2020
Expected term (in years) |  | 5.84 |  | 5.60 |  | 5.79
Expected volatility |  | 27.79 | % |  | 28.67 | % |  | 29.02 | %
Expected dividend yield |  | 1.40 | % |  | 1.30 | % |  | 1.29 | %
Risk-free interest rate |  | 3.79 | % |  | 1.37 | % |  | 0.62 | %
Schedule of Stock Option Plans | This table presents certain information relating to the Company’s stock option plans for 2022, 2021 and 2020:
|  | Number of Shares |  | Weighted Average Price
Balance as of December 31, 2019 |  | 15,706,000 |  |  | $ | 47.43 |
Granted |  | 4,529,000 |  |  | 56.54 |
Exercised |  | (1,563,000) |  |  | 28.83 |
Expired or canceled |  | (177,000) |  |  | 55.76 |
Balance as of December 31, 2020 |  | 18,495,000 |  |  | $ | 51.15 |
Granted |  | 3,323,000 |  |  | 60.48 |
Exercised |  | (1,719,000) |  |  | 29.73 |
Expired or canceled |  | (1,015,000) |  |  | 57.92 |
Balance as of December 31, 2021 |  | 19,084,000 |  |  | $ | 54.35 |
Granted |  | 2,215,000 |  |  | 61.74 |
Exercised |  | (1,537,000) |  |  | 35.03 |
Expired or canceled |  | (992,000) |  |  | 59.52 |
Balance as of December 31, 2022 |  | 18,770,000 |  |  | $ | 56.52 |
Exercisable as of December 31, 2022 |  | 9,043,000 |  |  | $ | 52.68 |
Available for future grant as of December 31, 2022 |  | 10,354,000 |  |  |
Schedule of Common Stock Buyback | The following table provides the total number of shares repurchased and the related total costs in 2022, 2021 and 2020:
Year |  | Total Number of Shares Repurchased |  | Total Cost
2022 |  | 5,914,000 |  |  | $ | 338,442 |
2021 |  | 6,747,000 |  |  | 411,534 |
2020 |  | 8,008,000 |  |  | 424,702 |

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