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OPTIONS AND AWARDS (Tables)
3 Months Ended
Mar. 31, 2025
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, 2025 and 2024:
Grant YearOptions GrantedWeighted Average Risk-Free RateExpected LifeWeighted Average VolatilityWeighted Average Dividend Yield
20251524.3%6.2 years39.8%0.2%
20241814.3%6.1 years40.9%0.2%
Schedule of Exercise Price and Fair Value Displayed at Grant Date for Stock Option Grants
For the three months ended March 31, 2025 and 2024, the following represents the exercise price and fair value displayed at grant date for stock option grants:
Grant YearGrantedWeighted Average Exercise PriceWeighted Average Fair Value of Options
2025152$126.34 $57.17 
2024181$122.69 $56.23 
Schedule of Employee Stock Option Roll Forward
The following table represents the employee stock option activity during the three months ended March 31, 2025:
Number of Options OutstandingWeighted Average
Exercise Price
Number of
Options Vested
Weighted Average Exercise Price of Options Vested
January 1, 20253,987 $78.84 1,895 $52.64 
Granted152 126.34 
Forfeited(14)111.49 
Exercised(106)47.47 
March 31, 20254,019 $81.35 1,941 $55.85 
Schedule of Aggregate Intrinsic Value of Options
The aggregate intrinsic value of options outstanding, vested, expected to vest and exercised as of March 31, 2025 and December 31, 2024 is as follows:
OptionsMarch 31, 2025December 31, 2024
Outstanding$198,136 $219,309 
Vested142,748 152,011 
Expected to vest52,289 63,243 
Schedule of Nonvested Restricted Stock Awards
A summary of the status of the Company's non-vested restricted stock awards as of March 31, 2025 and changes during the three months ended March 31, 2025, is presented below:
Non-Vested Restricted AwardsWeighted Average Grant Date Fair Value
Nonvested at January 1, 2025435 $102.71 
Granted92 128.67 
Vested(101)115.25 
Forfeited(5)114.00 
Nonvested at March 31, 2025
421 $105.22 
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, 2025 and 2024 was as follows:
Three Months Ended March 31,
 20252024
Stock-based compensation expense related to stock options$6,805 $4,988 
Stock-based compensation expense related to restricted stock awards3,402 2,727 
Stock-based compensation expense related to restricted stock awards to non-employee directors
484 516 
TOTAL$10,691 $8,231