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OPTIONS AND AWARDS (Tables) | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Assumptions for Stock Options Granted | The Company used the following assumptions for stock options granted during the three months ended March 31, 2024 and 2023:
Grant Year |  | Options Granted |  | Weighted Average Risk-Free Rate |  | Expected Life |  | Weighted Average Volatility |  |  |  | Weighted Average Dividend Yield |  |
2024 |  | 181 |  | 4.3% |  | 6.1 years |  | 40.9% |  |  |  | 0.2% |  |
2023 |  | 222 |  | 4.1% |  | 6.3 years |  | 41.6% |  |  |  | 0.2% |  |
Schedule of Exercise Price and Fair Value Displayed at Grant Date for Stock Option Grants | For the three months ended March 31, 2024 and 2023, 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
2024 |  | 181 |  | $ | 122.69 |  |  | $ | 56.23 |
2023 |  | 222 |  | $ | 89.84 |  |  | $ | 41.60 |
Schedule of Employee Stock Option Roll Forward | The following table represents the employee stock option activity during the three months ended March 31, 2024:
| Number of Options Outstanding |  | Weighted Average Exercise Price |  | Number of Options Vested |  | Weighted Average Exercise Price of Options Vested
January 1, 2024 | 3,991 |  |  | $ | 62.65 |  |  | 1,887 |  |  | $ | 39.58 |
Granted | 181 |  |  | 122.69 |  |  |  |  |
Forfeited | (25) |  |  | 83.01 |  |  |  |  |
Exercised | (219) |  |  | 28.48 |  |  |  |  |
March 31, 2024 | 3,928 |  |  | $ | 67.19 |  |  | 1,808 |  |  | $ | 43.49 |
Schedule of Aggregate Intrinsic Value of Options | The aggregate intrinsic value of options outstanding, vested, expected to vest and exercised as of March 31, 2024 and December 31, 2023 is as follows:
Options |  | March 31, 2024 |  | December 31, 2023 |  |
Outstanding |  | $ | 224,818 |  |  | $ | 197,819 |  |  |
Vested |  | 146,313 |  |  | 137,048 |  |  |
Expected to vest |  | 73,361 |  |  | 56,759 |  |  |
Schedule of Nonvested Restricted Stock Awards | A summary of the status of the Company's non-vested restricted stock awards as of March 31, 2024 and changes during the three months ended March 31, 2024 is presented below:
| Non-Vested Restricted Awards |  | Weighted Average Grant Date Fair Value
Nonvested at January 1, 2024 | 431 |  |  | $ | 78.91 |
Granted | 95 |  |  | 119.57 |
Vested | (89) |  |  | 101.18 |
Forfeited | (7) |  |  | 81.64 |
Nonvested at March 31, 2024 | 430 |  |  | $ | 83.28 |
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 three months ended March 31, 2024 and 2023 was as follows:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |  |  |
Stock-based compensation expense related to stock options | $ | 4,988 |  |  | $ | 3,425 |  |  |  |  |  |  |
Stock-based compensation expense related to restricted stock awards | 2,727 |  |  | 2,728 |  |  |  |  |  |  |
Stock-based compensation expense related to restricted stock awards to non-employee directors | 516 |  |  | 420 |  |  |  |  |  |  |
TOTAL | $ | 8,231 |  |  | $ | 6,573 |  |  |  |  |  |  |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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