XML 50 R38.htm IDEA: XBRL DOCUMENT v3.25.3
OPTIONS AND AWARDS (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2025 and 2024:
Grant YearOptions GrantedWeighted Average Risk-Free RateExpected LifeWeighted Average VolatilityWeighted Average Dividend Yield
20251904.0%6.2 years39.1%0.2%
20241123.8%6.2 years40.3%0.2%
The Company used the following assumptions for stock options granted during the nine months ended September 30, 2025 and 2024:
Grant YearOptions GrantedWeighted Average Risk-Free RateExpected LifeWeighted Average VolatilityWeighted Average Dividend Yield
20255174.1%6.2 years39.3%0.2%
20244664.2%6.1 years40.7%0.2%
Schedule of Exercise Price and Fair Value Displayed at Grant Date for Stock Option Grants
For the nine months ended September 30, 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
2025517$149.08 $66.56 
2024466$127.07 $57.81 
Schedule of Employee Stock Option Roll Forward
The following table represents the employee stock option activity during the nine months ended September 30, 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 
Granted517 149.08 
Forfeited(46)107.63 
Exercised(455)49.93 
September 30, 20254,003 $90.87 1,928 $62.74 
Schedule of Aggregate Intrinsic Value of Options
The aggregate intrinsic value of options outstanding, vested, expected to vest and exercised as of September 30, 2025 and December 31, 2024 is as follows:
OptionsSeptember 30, 2025December 31, 2024
Outstanding$327,883 $219,309 
Vested212,109 152,011 
Expected to vest108,579 63,243 
Schedule of Nonvested Restricted Stock Awards
A summary of the status of the Company's non-vested restricted stock awards as of September 30, 2025 and changes during the nine months ended September 30, 2025 is presented below:
Non-Vested Restricted AwardsWeighted Average Grant Date Fair Value
Nonvested at January 1, 2025435 $102.71 
Granted177 141.85 
Vested(195)104.05 
Forfeited(9)107.92 
Nonvested at September 30, 2025
408 $119.62 
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 and nine months ended September 30, 2025 and 2024 was as follows:

Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
Stock-based compensation expense related to stock options$8,361 $5,699 $22,568 $16,205 
Stock-based compensation expense related to restricted stock awards3,999 2,883 11,162 8,546 
Stock-based compensation expense related to restricted stock awards to non-employee directors
508 595 1,457 1,635 
TOTAL$12,868 $9,177 $35,187 $26,386