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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Company's stock-based compensation activity | The following table shows the Company’s stock-based compensation activity:
| Fiscal Years Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Stock-based compensation expense recognized | $ | 13,112 |  |  | $ | 19,726 |  |  | $ | 12,503 |
Tax benefit of stock-based compensation expense in provision for income taxes | 3,204 |  |  | 4,808 |  |  | 3,133 |
Stock-based compensation expense, net of tax | $ | 9,908 |  |  | $ | 14,918 |  |  | $ | 9,370 |
Schedule of unvested restricted stock unit activity | The following table summarizes the Company’s unvested restricted stock unit activity for the year ended December 31, 2024:
| Shares (in thousands) |  | Weighted- Average Exercise Price |  | Aggregate Intrinsic Value * (in thousands)
Unvested Restricted Stock Units (RSUs) |  |
Outstanding as of January 1, 2024 | 378 |  |  | $ | 102.87 |  |  | $ | 74,850 |
Awarded | 161 |  |  | 177.60 |  |  |
Vested | (167) |  |  | 103.64 |  |  |
Forfeited | (36) |  |  | 116.62 |  |  |
Outstanding as of December 31, 2024 | 336 |  |  | 130.42 |  |  | 55,333 |
Outstanding and expected to vest at December 31, 2024 | 327 |  |  |  |  | 54,249 |
* The intrinsic value for outstanding and expected to vest is calculated using the closing price per share of $165.83, as reported by the New York Stock Exchange on December 31, 2024.
Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option | The Company awarded shares for service through 2024, 2023, and 2022 as shown below:
| December 31,
| 2024 | 2023 | 2022
Shares to be issued | 21,266 |  | 9,800 |  | 9,300 |
Shares settled with cash (foreign employees) | 763 |  | 4,900 |  | 7,400 |
Total awards | 22,029 |  | 14,700 |  | 16,700 |

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