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OPTIONS AND AWARDS (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Assumptions for Stock Options Granted | The Company granted 704, 1,008 and 581 stock options during the years ended December 31, 2024, 2023 and 2022, respectively. The Company used the following assumptions for stock options granted during the years ended December 31, 2024, 2023 and 2022:
Grant Year |  | Options Granted |  | Weighted Average Risk-Free Rate |  | Expected Life |  | Weighted Average Volatility |  | Weighted Average Dividend Yield
2024 |  | 704 |  | 4.3% |  | 6.2 years |  | 40.5% |  | 0.2%
2023 |  | 1,008 |  | 4.3% |  | 6.2 years |  | 41.3% |  | 0.2%
2022 |  | 581 |  | 2.8% |  | 6.2 years |  | 42.1% |  | 0.3%
Schedule of Exercise Price and Fair Value Displayed at Grant Date for Stock Option Grants | For the years ended December 31, 2024, 2023 and 2022, 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 |  | 704 |  | $ | 132.46 |  |  | $ | 60.37 |
2023 |  | 1,008 |  | $ | 95.05 |  |  | $ | 43.85 |
2022 |  | 581 |  | $ | 85.74 |  |  | $ | 37.83 |
Schedule of Employee Stock Option Roll Forward | The following table represents the employee stock option activity during the years ended December 31, 2024, 2023 and 2022:
| Number of Options Outstanding |  | Weighted Average Exercise Price |  | Number of Options Vested |  | Weighted Average Exercise Price of Options Vested
January 1, 2022 | 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 |
Granted | 704 |  |  | 132.46 |  |  |  |  |
Forfeited | (76) |  |  | 86.92 |  |  |  |  |
Exercised | (632) |  |  | 35.28 |  |  |  |  |
December 31, 2024 | 3,987 |  |  | $ | 78.84 |  |  | 1,895 |  |  | $ | 52.64 |
Stock Options Outstanding, Vested and Related Details | The following table represents the employee stock option activity during the year ended December 31, 2024:
|  | Stock Options Outstanding |  | Stock Options Vested
|  |  |  | Number Outstanding |  | Black-Scholes Fair Value |  | Remaining Contractual Life (Years) |  | Vested and Exercisable
Year of Grant |  | Exercise Price |  |  |  |
2015 |  | $18.20 | - | $21.39 |  | 69 |  |  | $ | 537 |  |  | 1 |  | 69 |
2016 |  | 15.93 | - | 16.86 |  | 112 |  |  | 667 |  |  | 2 |  | 112 |
2017 |  | 15.80 | - | 19.41 |  | 148 |  |  | 867 |  |  | 3 |  | 148 |
2018 |  | 22.49 | - | 32.71 |  | 241 |  |  | 2,557 |  |  | 4 |  | 241 |
2019 |  | 41.07 | - | 45.76 |  | 417 |  |  | 6,557 |  |  | 5 |  | 417 |
2020 |  | 44.84 | - | 59.49 |  | 406 |  |  | 8,020 |  |  | 6 |  | 301 |
2021 |  | 73.47 | - | 83.64 |  | 458 |  |  | 15,041 |  |  | 7 |  | 251 |
2022 |  | 79.79 | - | 94.88 |  | 489 |  |  | 18,601 |  |  | 8 |  | 176 |
2023 |  | 89.83 | - | 98.83 |  | 951 |  |  | 41,753 |  |  | 9 |  | 180 |
2024 |  | $119.19 | - | $146.37 |  | 696 |  |  | 42,024 |  |  | 10 |  | — |
TOTAL |  |  |  |  |  | 3,987 |  |  | $ | 136,624 |  |  |  |  | 1,895 |
Schedule of Aggregate Intrinsic Value of Options | The aggregate intrinsic value of options outstanding, vested and expected to vest as of December 31, 2024, 2023 and 2022 is as follows:
|  | December 31,
Options |  | 2024 |  | 2023 |  | 2022
Outstanding |  | $ | 219,309 |  |  | $ | 197,819 |  |  | $ | 183,593 |
Vested |  | 152,011 |  |  | 137,048 |  |  | 136,000 |
Expected to vest |  | 63,243 |  |  | 56,759 |  |  | 43,232 |
Schedule of Nonvested Restricted Stock Awards | A summary of the status of the Company's non-vested restricted stock awards as of December 31, 2024 and changes during the years ended December 31, 2024, 2023 and 2022 is presented below:
| Non-Vested Restricted Awards |  | Weighted Average Grant Date Fair Value
Nonvested at January 1, 2022 | 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 |
Granted | 232 |  |  | 131.26 |
Vested | (215) |  |  | 86.97 |
Forfeited | (13) |  |  | 83.12 |
Nonvested at December 31, 2024 | 435 |  |  | $ | 102.71 |
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, 2024, 2023 and 2022 was as follows:
|  |  | Year Ended December 31,
|  |  |  |  | 2024 |  | 2023 |  | 2022
Stock-based compensation expense related to stock options |  |  |  |  | $ | 22,439 |  |  | $ | 17,221 |  |  | $ | 11,361 |
Stock-based compensation expense related to restricted stock awards |  |  |  |  | 11,662 |  |  | 11,845 |  |  | 9,920 |
Stock-based compensation expense related to restricted stock awards to non-employee directors |  |  |  |  | 2,082 |  |  | 1,688 |  |  | 1,439 |
TOTAL |  |  |  |  | $ | 36,183 |  |  | $ | 30,754 |  |  | $ | 22,720 |

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