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OPTIONS AND AWARDS (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Assumptions for Stock Options Granted | The Company used the following assumptions for stock options granted during the years ended December 31, 2023, 2022 and 2021:
Grant Year |  | Options Granted |  | Weighted Average Risk-Free Rate |  | Expected Life |  | Weighted Average Volatility |  | Weighted Average Dividend Yield
2023 |  | 1,008 |  | 4.3% |  | 6.2 years |  | 41.3% |  | 0.2%
2022 |  | 581 |  | 2.8% |  | 6.2 years |  | 42.1% |  | 0.3%
2021 |  | 621 |  | 1.0% |  | 6.2 years |  | 42.4% |  | 0.3%
Schedule of Exercise Price and Fair Value Displayed at Grant Date for Stock Option Grants | For the years ended December 31, 2023, 2022 and 2021, the following represents the exercise price and fair value displayed at grant date for stock option grants:
Grant Year |  | Granted |  | Weighted Average Exercise Price |  | Weighted Average Fair Value of Options
2023 |  | 1,008 |  | $ | 95.05 |  |  | $ | 43.85 |
2022 |  | 581 |  | $ | 85.74 |  |  | $ | 37.83 |
2021 |  | 621 |  | $ | 80.19 |  |  | $ | 32.82 |
Schedule of Employee Stock Option Roll Forward | The following table represents the employee stock option activity during the year ended December 31, 2023:
| Number of Options Outstanding |  | Weighted Average Exercise Price |  | Number of Options Vested |  | Weighted Average Exercise Price of Options Vested
January 1, 2021 | 4,038 |  |  | $ | 27.71 |  |  | 2,148 |  |  | $ | 16.66 |
Granted | 621 |  |  | 80.19 |  |  |  |  |
Forfeited | (105) |  |  | 44.76 |  |  |  |  |
Exercised | (516) |  |  | 17.80 |  |  |  |  |
December 31, 2021 | 4,038 |  |  | $ | 36.60 |  |  | 2,183 |  |  | $ | 21.02 |
Granted | 581 |  |  | 85.74 |  |  |  |  |
Forfeited | (98) |  |  | 59.52 |  |  |  |  |
Exercised | (688) |  |  | 18.43 |  |  |  |  |
December 31, 2022 | 3,833 |  |  | $ | 46.72 |  |  | 2,069 |  |  | $ | 28.87 |
Granted | 1,008 |  |  | 95.05 |  |  |  |  |
Forfeited | (91) |  |  | 71.44 |  |  |  |  |
Exercised | (759) |  |  | 24.21 |  |  |  |  |
December 31, 2023 | 3,991 |  |  | $ | 62.65 |  |  | 1,887 |  |  | $ | 39.58 |
Stock Options Outstanding, Vested and Related Details | The following summary information reflects stock options outstanding, vested and related details as of December 31, 2023:
|  | Stock Options Outstanding |  | Stock Options Vested
|  |  |  | Number Outstanding |  | Black-Scholes Fair Value |  | Remaining Contractual Life (Years) |  | Vested and Exercisable
Year of Grant |  | Exercise Price |  |  |  |
2014 |  | 8.94 | - | 16.05 |  | 99 |  |  | $ | 484 |  |  | 1 |  | 99 |
2015 |  | 18.20 | - | 21.39 |  | 175 |  |  | 1,369 |  |  | 2 |  | 175 |
2016 |  | 15.93 | - | 16.86 |  | 155 |  |  | 916 |  |  | 3 |  | 155 |
2017 |  | 15.80 | - | 19.41 |  | 194 |  |  | 1,138 |  |  | 4 |  | 194 |
2018 |  | 22.49 | - | 32.71 |  | 336 |  |  | 3,523 |  |  | 5 |  | 336 |
2019 |  | 41.07 | - | 45.76 |  | 510 |  |  | 8,014 |  |  | 6 |  | 383 |
2020 |  | 44.84 | - | 59.49 |  | 476 |  |  | 9,383 |  |  | 7 |  | 257 |
2021 |  | 73.47 | - | 83.64 |  | 513 |  |  | 16,844 |  |  | 8 |  | 189 |
2022 |  | 79.79 | - | 94.88 |  | 540 |  |  | 20,466 |  |  | 9 |  | 99 |
2023 |  | $89.83 | - | $98.83 |  | 993 |  |  | 43,566 |  |  | 10 |  | — |
TOTAL |  |  |  |  |  | 3,991 |  |  | $ | 105,703 |  |  |  |  | 1,887 |
Schedule of Aggregate Intrinsic Value of Options | The aggregate intrinsic value of options outstanding, vested and expected to vest as of December 31, 2023, 2022 and 2021 is as follows:
|  | December 31,
Options |  | 2023 |  | 2022 |  | 2021
Outstanding |  | $ | 197,819 |  |  | $ | 183,593 |  |  | $ | 191,242 |
Vested |  | 137,048 |  |  | 136,000 |  |  | 137,382 |
Expected to vest |  | 56,759 |  |  | 43,232 |  |  | 48,548 |
Schedule of Nonvested Restricted Stock Awards |
| Non-Vested Restricted Awards |  | Weighted Average Grant Date Fair Value
Nonvested at January 1, 2021 | 591 |  |  | $ | 38.90 |
Granted | 222 |  |  | 81.65 |
Vested | (244) |  |  | 47.45 |
Forfeited | (20) |  |  | 45.64 |
Nonvested at December 31, 2021 | 549 |  |  | $ | 52.16 |
Granted | 233 |  |  | 81.57 |
Vested | (269) |  |  | 54.06 |
Forfeited | (26) |  |  | 57.29 |
Nonvested at December 31, 2022 | 487 |  |  | $ | 64.92 |
Granted | 219 |  |  | 92.04 |
Vested | (255) |  |  | 64.21 |
Forfeited | (20) |  |  | 71.53 |
Nonvested at December 31, 2023 | 431 |  |  | $ | 78.91 |
Schedule of Stock-Based Compensation Expense | Stock-based compensation expense recognized for the Company's equity incentive plans and long-term incentive plan for the years ended December 31, 2023, 2022 and 2021 was as follows:
|  |  | Year Ended December 31,
|  |  |  |  | 2023 |  | 2022 |  | 2021
Stock-based compensation expense related to stock options |  |  |  |  | $ | 17,221 |  |  | $ | 11,361 |  |  | $ | 8,459 |
Stock-based compensation expense related to restricted stock awards |  |  |  |  | 11,845 |  |  | 9,920 |  |  | 8,385 |
Stock-based compensation expense related to stock options and restricted stock awards to non-employee directors |  |  |  |  | 1,688 |  |  | 1,439 |  |  | 1,834 |
TOTAL |  |  |  |  | $ | 30,754 |  |  | $ | 22,720 |  |  | $ | 18,678 |

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