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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Schedule of Stock-based Compensation Expense | The Company recognized stock-based compensation expense in its Consolidated Financial Statements in 2024, 2023 and 2022 as follows:
|  | 2024 |  | 2023 |  | 2022
Stock-based compensation expense |  | $ | 58,626 |  |  | $ | 31,308 |  |  | $ | 39,403 |
Less: Deferred tax benefit |  | (11,347) |  |  | (5,989) |  |  | (7,340) |
Stock-based compensation expense, net of tax |  | $ | 47,279 |  |  | $ | 25,319 |  |  | $ | 32,063 |
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 2024, 2023 and 2022 were $23.07, $15.70 and $17.95, respectively, using the following assumptions:
|  | 2024 |  | 2023 |  | 2022
Expected term (in years) |  | 5.32 |  | 5.32 |  | 5.84
Expected volatility |  | 23.64 | % |  | 24.32 | % |  | 27.79 | %
Expected dividend yield |  | 1.11 | % |  | 1.49 | % |  | 1.40 | %
Risk-free interest rate |  | 4.34 | % |  | 3.95 | % |  | 3.79 | %
Schedule of Stock Option Plans | This table presents certain information relating to the Company’s stock option plans for 2024, 2023 and 2022:
|  | Number of Shares |  | Weighted Average Price
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 |
Granted |  | 1,871,000 |  |  | 62.01 |
Exercised |  | (2,148,000) |  |  | 45.11 |
Expired or canceled |  | (1,073,000) |  |  | 59.79 |
Balance as of December 31, 2023 |  | 17,420,000 |  |  | $ | 58.31 |
Granted |  | 1,376,000 |  |  | 85.77 |
Exercised |  | (2,411,000) |  |  | 50.42 |
Expired or canceled |  | (994,000) |  |  | 61.93 |
Balance as of December 31, 2024 |  | 15,391,000 |  |  | $ | 61.77 |
Exercisable as of December 31, 2024 |  | 8,636,000 |  |  | $ | 58.94 |
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity | This table presents certain information relating to the Company’s RSUs for 2024, 2023 and 2022:
|  | Number of RSUs |  | Weighted Average Grant-Date Fair Value
Balance as of December 31, 2021 |  | — |  |  | $ | — |
Granted |  | 467,000 |  |  | 61.27 |
Vested |  | — |  |  | — |
Expired or canceled |  | — |  |  | — |
Balance as of December 31, 2022 |  | 467,000 |  |  | $ | 61.27 |
Granted |  | 373,000 |  |  | 61.76 |
Vested |  | (20,000) |  |  | 57.39 |
Expired or canceled |  | (24,000) |  |  | 61.85 |
Balance as of December 31, 2023 |  | 796,000 |  |  | $ | 61.58 |
Granted |  | 395,000 |  |  | 83.02 |
Vested |  | (15,000) |  |  | 55.91 |
Expired or canceled |  | (53,000) |  |  | 61.93 |
Balance as of December 31, 2024 |  | 1,123,000 |  |  | $ | 69.18 |
Schedule of Common Stock Buyback | The following table provides the total number of shares repurchased and the related total costs in 2024, 2023 and 2022:
Year |  | Total Number of Shares Repurchased |  | Total Cost
2024 |  | 6,840,000 |  |  | $ | 512,477 |
2023 |  | 5,237,000 |  |  | 310,769 |
2022 |  | 5,914,000 |  |  | 338,442 |

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